Stelpro named one of Canada’s Best Managed Companies
Stelpro has once again been recognized as a Canada’s Best Managed Companies Gold Standard winner. Gold winners represent the cream of the crop among Canadian-owned and managed companies with revenues over $25 million that invest in talent, technology and innovation in a competitive environment.
“Since its foundation in 1981, Stelpro’s mission has been to reinvent the electric heating industry, and our ranking as the #1 manufacturer in North America bears witness to the success of this vision. Solid management, but more importantly, our employees’ creativity at all levels of the company, has made this accomplishment possible,” said Stelpro president, Yves Chabot. “We are now positioned as a significant player in the energy transition to tackle the major challenges facing our society. As a leader, it is our responsibility to address these issues and develop solutions that will ensure the well-being of our communities for generations to come.”
In October 2019, Stelpro announced that it was partnering with Hydro-Québec’s Hilo subsidiary to create the new Stello joint venture, whose mandate is to develop, in Quebec, innovative connected devices for the smart home to contribute to efficient energy use management. Stelpro is already recognized for the design, manufacturing and assembly excellence of its Maestro smart thermostats as well as for its extensive distribution network. Stelpro contributes leading-edge expertise to this joint venture.
The company is also continuing its strategic $24-million investment over three years in its St-Bruno-de-Montarville, Que. plant. The recently completed addition of 65,000 square feet has made it possible to increase production capacity and improve distribution efficiency to the benefit of Stelpro’s business partners. The next phase involves sustained investments in automation and robotization to increase manufacturing productivity. The creation of the 50 new jobs is also ongoing in parallel with these developments.
Aside from new job creation, labour shortage remains a constant challenge. To attract the best talents, the company has updated its employer positioning to promote and showcase the stimulating work environment as well as the quality of life and work-life balance it offers employees.
To maintain its leadership position, Stelpro is firmly committed to continuous expansion and to meeting tomorrow’s challenges. It will continue to rely on innovation and its employees, as well as its strong, longstanding relationships with partners and clients to this end.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $25 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (Winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business and TMX Group. For further information, visit www.bestmanagedcompanies.ca.
Stelpro is a family-owned business that was founded in Quebec in 1981, renowned in the electric heating industry, heating cables and electronic controls. The North American leader in its market, Stelpro offers quality heating products designed and manufactured in Canada providing optimal performance, safety and innovative design. Stelpro employs 500 people and has a manufacturing plant in Saint-Bruno-de-Montarville. Each year, it sells over 1,000,000 heating units and 400,000 electronic controls, including the new Maestro smart thermostat. The company is a Canada’s Best Managed Companies Gold Standard winner, and Les Affaires newspaper ranked it as one of the most important Quebec companies. stelpro.com