Home Hardware Receives Canada’s Best Managed Companies Distinction for 10th Year

May 12, 2022  by Laurie Northington in Business Strategy, Industry   

Marking its 10^th consecutive year receiving the award, Home Hardware retains its Platinum Club status.  

The award recognizes the best-in-class of Canadian owned and managed companies with revenues over $50 million that demonstrate leadership in the areas of strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.

"It is an honor to once again be named one of Canada's Best Managed Companies. The strength of Home Hardware lies in ensuring talent and culture remains a competitive advantage," said Kevin Macnab, president and CEO, Home Hardware Stores Limited. "Home Hardware is on an incredible journey of growth and this recognition is a testament to the dedication of Home's independent Dealer-Owners and the Teams at our Dealer Support Centers. This dedication ensures we are able to continue helping Canadians across the country with all of their home improvement projects, big and small."

Earning the Best Managed designation for 10 consecutive years speaks to Home Hardware's success as an iconic Canadian brand. Founded in St. Jacobs, Ontario in 1964, Home Hardware has grown to become Canada's largest Dealer-owned hardware, lumber, building materials, and furniture home improvement retailer with close to 1,100 stores across the country.

Last year, Home Hardware Dealers worked hard to keep staff, customers and communities safe, and stores continued to offer alternative shopping solutions such as curbside pick-up, call-and-collect, and delivery of online orders. The company also marked several important milestones such as the acquisition of Patrick Morin Inc. with Groupe Turcotte, the implementation of a new state-of-the-art Warehouse Management System in St. Jacobs and the re-launch of its private label brands, BeautiTone and Benchmark.

Now in its 29^th year, Canada's Best Managed Companies remains one of the country's leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices.

"This year's Best Managed winners displayed courage, resourcefulness, and creativity as they explored new avenues for advancement," said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada's Best Managed Companies program. "We're extremely proud to recognize their impressive achievements in such a rapidly changing business world. Their successes demonstrate the importance of strong leadership and forethought in driving long-term growth."

Award applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2022 Best Managed companies share commonalities that include (but are not limited to) putting their people and culture at the forefront, focusing on their ESG strategies and doubling down on accelerated digitization.