MONTREAL, QC, September 12, 2019 - Canadian Business and Maclean’s today ranked Damotech No. 413 on the 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. The winners are profiled in an exclusive print issue of Canadian Business published with Maclean’s magazine and online at Growth500.ca.
This year, Damotech made the list with a five-year revenue growth of 147%.
“The companies on the 2019 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 Beth Fraser, Growth 500 program manager. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.”
"Damotech is thrilled to be part of the Growth 500 ranking once again this year," says Eric Naaman, CEO of Damotech. "This achievement reflects the extent of our team's efforts and capability in executing our corporate strategy. It also confirms that rack safety is an increasingly important priority for pallet rack warehouse operators in Canada and the United States."
Damotech's rapid growth can be attributed to several transformative steps taken to achieve a business goal of becoming a one-stop-shop for rack safety in North America. Notably, the move to a state-of-the-art manufacturing facility, four years ago, has allowed the company to streamline its production and increase its productivity. Additionally, they've successfully assembled a dynamic team of engineers and rack experts, who travel from coast to coast, to serve their customers nationwide.
About the Growth 500
For over 30 years, the Growth 500 ranking of Canada’s Fastest-Growing Companies has been Canada’s most respected and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in a special Growth 500 print issue of Canadian Business and online at Growth500.ca and CanadianBusiness.com, the Growth 500 ranks Canadian companies on five-year revenue growth.
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.