Lloyd Co-op named top 50 business

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October 2, 2014 10:34 AM

The Lloydminster and District Co-op has achieved a milestone in the provin- cial business community. Saskatchewan Business Magazine has named the local co-operative as one of the top 50 businesses in the province.

The official list is the top 100 businesses, which the co-op has reached before, and for the last number of years, Co-op CEO Don Stephenson said, “This is the first time that we have actually cracked the top 50, being number 49 on that list. We are pretty excited about getting to that point.”

The Lloydminster Co-op is honoured to be named No. 49, and recorded record breaking revenue of over $145 million in 2013, stated a press release on the announcement. The list, which is heading into year No. 31, ranks businesses on the basis of gross revenue.

Consisting of 16,500 members, the Co-op operates locations in Lloydminster, Lashburn and Neilburg, with a combined staff of nearly 300.

“It is with great pride that we accept this honour of being named to the Sask Business Top 100 list in 2014,” Stephen- son said.  “We share this with our loyal membership, dedicated staff, and numerous business partners.”

Celebrating its centennial in business, Stephenson said, “We’ve had a busy year. We’ve got the new Ironwells gas bar, convenience store and car wash development.” As well as new cardlocks in Neilburg and Lloydminster, “We’ve got the Marketplace re-development anticipated to be wrapped up in October. A new administration building currently being built, should be up and operational early in 2015.”

Stephenson was just getting warmed up, and he continued his project list with the new cardlock facility at the Agro Centre on 51 Street.

“Plans are on the way for another gas bar development on the west side close to the Hamptons Inn. We have lots on the go – we’ve got a brand new bulk facility and cardlock going out west on Highway 16 that will be up and operational in the latter part of 2015,” said Stephenson.

These developments are credited by Stephenson as allowing the Lloydminster Co-op to grow into that 49th position on the Sask. Business list. He says they will position themselves to continue to climb on that list.

Wrapping up the projects that are currently underway is the next priority for the Co-op, said Stephenson, such as the Marketplace. Then comes the planning for the westend gas bar, bulk and cardlock facility.

The timing of this top 49 ranking came at a great moment in the Co-op’s history as this year marks the centennial anniversary. “We are certainly not celebrating our 100th birthday by just kind of fumbling along,” said Stephenson.

“We are going through some of the most massive and aggressive expansionary pursuits in our history, to put us in a position where we can continue to be successful.”

Looking ahead, Stephenson said, “We are really excited about the future. We are excited about the community. We are excited for our membership, and I am so, so proud of our staff and their commitment to seeing all these things through.”

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