Federated Co-operatives

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Federated Co-operatives Limited
Type Cooperative federation
Industry Distribution
Petroleum
Lumber
Founded 1955[1]
Headquarters Saskatoon, Saskatchewan
Key people Glen Tully, President[2]
Revenue $8.5 billion (2012)
Net income $827 million (2012)
Employees ~3011
Website http://www.coopconnection.ca/

Federated Co-operatives Limited (FCL), is a co-operative federation, established in 1955, providing procurement and distribution to member co-operatives in Western Canada.[3] Federated Co-operatives is owned by about 365 member co-operatives across the region. Some are large co-operatives, such as Saskatoon Co-op and Calgary Co-op, while others are small co-ops based in small towns, such as Abernethy Co-op.

In 2009, FCL was ranked as the largest co-operative in Canada by total sales. [4] In 2010, FCL was the second largest company by annual sales in Saskatchewan.[5] During that year, it earned revenues of 498 million and returned $355.7 million to its member retailers. In 2008, Federated Co-operatives saw sales increase and posted its 37th record year in a row for both sales and profits. [6]

History[edit]

FCL purchased Downie Street Sawmills of Revelstoke, British Columbia in 1969. The forest products operation replaced a Smith, Alberta, business FCL sold in 1977.[7]

In March 2010, Federated Co-operatives announced an agreement with SeaChoice, a program of Sustainable Seafood Canada devoted to sustainable seafood. Through collaboration, the organizations seek to develop a long term sustainability strategy for seafood sales and procurement in the co-operatives' member businesses.[8][9]

Federated Co-operatives was awarded the SABEX Environmental & Sustainabiltiy award from the Greater Saskatoon Chamber of Commerce in May 2010.[10]

In November 2012, FCL sold its Forest Products Division operations in Canoe, British Columbia to Gorman Bros. Lumber.[11] In August 2013, FCL acquired 17 agri-business locations across Saskatchewan, Alberta, and one in Manitoba, from Viterra, who was in the process of selling its Canadian agriculture business to Agrium. All but two of the stores were in turn sold to local FCL-affiliated co-operatives; the remaining two were retained by FCL and wound down their operations.[12][13][14] In February 2014, Federated Co-operatives acquired 14 grocery store locations—primarily former Safeway stores, from Sobeys; the company was required by the Competition Bureau to sell off at least 23 of its stores in the wake of its 2013 acquisition of Safeway. These stores were given to local FCL-affiliated co-operatives and re-branded as Co-op food stores in May 2014.[15][16][17]

Services[edit]

Key services fall into the following categories:

House Brands[edit]

The following product brands are marked by Federated Co-operatives through member co-ops: CO-OP GOLD. [18]

References[edit]

  1. ^ Federated Co-operatives Limited. Bloomberg Businessweek.
  2. ^ Kyle, Cassandra. Co-ops eye next generation. The StarPhoenix. March 4, 2008.
  3. ^ "FEDERATED CO-OPERATIVES LIMITED". Encyclopedia of Saskatchewan University of Regina. Retrieved 2012-06-17. 
  4. ^ http://coop.gc.ca/COOP/display-afficher.do?id=1298983884310&lang=eng
  5. ^ http://sasktop100.com/
  6. ^ http://www.canada.com/saskatoonstarphoenix/news/business/story.html?id=a5669a8a-8087-4240-9e4f-0dcdc329f0d8
  7. ^ Canada Packers profit stable. The Montreal Gazette. January 23, 1979.
  8. ^ Local Co-ops to provide SeaChoice products. Westerly News. March 25, 2010.
  9. ^ SeaChoice, FCL Forge Sustainable Seafood Partnership. Progressive Grocer. March 23, 2010.
  10. ^ FCL wins SABEX award. Co-op Connection.
  11. ^ "Gorman Bros. Lumber Ltd. acquires forest product assets from FCL". Gorman Bros. Lumber Ltd. Retrieved 24 June 2014. 
  12. ^ "FCL confident purchase of Viterra input stores will see returns". The Western Producer. Retrieved 11 April 2014. 
  13. ^ "Glencore bids $16.25 for Viterra shares". CBC News. March 20, 2012. Retrieved 2012-03-20. 
  14. ^ "Co-ops seal deal for Viterra stores, will shut two". AGCanada. Retrieved 11 April 2014. 
  15. ^ "Canada Safeway's changeover a co-operative effort". Regina Leader-Post. Retrieved 24 May 2014. 
  16. ^ "Four Winnipeg Safeway stores sold to Red River Co-op". Winnipeg Free Press. Retrieved 24 May 2014. 
  17. ^ "All Victoria Safeway stores sold to Overwaitea Food Group". Times-Colonist. Retrieved 24 May 2014. 
  18. ^ Federated Co-op's frequently asked questions.

External links[edit]

Further reading[edit]

  • Fairbairn, Brett. (1989) Building a dream : the co-operative retailing system in western Canada, 1928-1988. Saskatoon, Saskatchewan. Western Producer Prairie Books.