MONTREAL, Sept. 24, 2018 /CNW Telbec/ - Canadian Business and Maclean's today ranked Damotech No. 378 on the 30th annual Growth 500, the definitive ranking of Canada's Fastest-Growing Companies.
Produced by Canada's premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean's magazine and online at CanadianBusiness.com and Growth500.ca.
Damotech made the 2018 Growth 500 list with five-year revenue growth of 152%. The company ranked 41st in the Montreal region.
Founded in 1989, Damotech is the largest provider of rack repair solutions in North America. Dedicated to uncompromising quality in the name of safety, Damotech helps warehouse owners keep their working environment safe by inspecting, repairing and preventing damage to their pallet racking systems. The company manufactures custom repair products to address damage after it occurs. Damotech also performs rack conformity inspections and load capacity calculations through its engineering services arm, and offers the only truly dedicated rack inspection and management software in the industry.
"The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today," says Deborah Aarts, Growth 500 program manager. "As we celebrate 30 years of the Canada's Fastest-Growing Companies program, it's encouraging to see that entrepreneurship is healthier than ever in this country."
"For Damotech, which operates in a traditional industry, being part of the Growth 500 list for 2018 is quite an accomplishment," says Eric Naaman, Damotech's CEO. "Substantive investments were made in the last 8 years to fuel that growth. We invested heavily in a new LEED accredited manufacturing facility in Boisbriand, making the production process as automated and efficient as possible. We also substantially grew our dealer network in Canada and the US further accelerating our progression in those markets. But in the end, our exceptional growth wouldn't have been possible without the amazing dedication and talent of the Damotech team and our endless focus on becoming a customer centric company.
About the Growth 500
For 30 years, the Growth 500 has been Canada's most respectable and influential ranking of entrepreneurial achievement. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country's most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean's magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
Founded in 1989, Damotech is the largest provider of rack repair solutions in North America. At Damotech, warehouse and rack system safety come first. Damotech helps large and small warehouse owners keep their working environment safe by maintaining rack structural integrity. Damotech's rack repair solutions are safe, less expensive and less disruptive to install than rack replacement, making it the preferred choice of business minded warehouse managers. Top brands like Bridgestone, Amazon, GM, Honda, Hewitt, FedEx, Loblaw, Coca Cola, Martin Brower and others, use Damotech for rack repair and damage prevention. Damotech also performs rack conformity inspections, load capacity calculations and offers rack inspection management software. For more information on Damotech and to view our impact test video, go to our website: www.damotech.com
For further information: DEREK ZAKAIB, Chief Marketing Officer, Damotech, 1-877-990-DAMO, [email protected], www.damotech.com