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12 January 2022
Friesens Hit $100 million in Sales
ALTONA, MANITOBA—
Friesens achieving a record $100 Million in sales for the first time. While many other businesses continued to struggle , overall, has had one of its best years in over a decade thanks to really strong performance in their Book Division and subsidiary company, FriesenPress. Friesens says they have benefited from investments made over the last five years, has expanded its facilities, upgraded equipment, automated processes, and added capacity.
The increase in demand is the result of strong retail sales of printed books and the shortage of supply is a result of limited book manufacturing capacity in North America and major disruptions to global supply chains. All of which positioned Friesens as a desirable partner for Canadian and American publishers. According to the CEO, Chad Friesen “As a 100% employee-owned company, the staff of Friesens and FriesenPress participate in the financial success of the company. This year, those rewards will exceed $3 Million and represent more than a 75% increase in employee-owner payments.
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