SanMar Recognized as a US Best Managed Company
SanMar announces it was selected as a 2023 US Best Managed Company. Sponsored by Deloitte* Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams.
The 2023 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people, and fostering a dynamic culture, as well as strong financials. Designees propelled their businesses forward and remained true to their purpose and values by investing in their people, creating advantage through digital transformation, taking measurable action on sustainability, and demonstrating their commitment to diversity, equity, and inclusion.
SanMar has been a family-owned business since its founding in 1971 and is currently managed by the second generation of the Lott family. The company’s commitment to supporting employees has been celebrated as a hallmark of its success, with a focus on sustaining positive workplace culture and investing in employee development programs.
“We are incredibly honored to receive this recognition for all the hard work and dedication of our team,” said Jeremy Lott, CEO of SanMar, in a press statement. “As a family-owned company that empowers team members to drive positive change, we are always working to create the most dynamic workplace culture and invest in the long-term future of our employees.”
SanMar continues to expand its team and company footprint, recently announcing a new distribution center in Ashland, Virginia, where it plans to hire 1,000 employees.
Applicants for the Best Managed Companies program are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 46 countries recognized by the Best Managed Companies program.
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