Loyola University Chicago

Loyola University Chicago

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Media Contact:
Steve Christensen
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312.915.6164
schris6@luc.edu

2011 Illinois Family Business of the Year Award Winners Announced
Awardees to be Honored at November 29 Gala in Chicago

CHICAGO, October 7, 2011 – The Loyola University Chicago Family Business Center is pleased to announce the winners of its 18th annual Illinois Family Business of the Year Awards. This awards program recognizes exceptional Illinois-based family businesses that demonstrate a strong commitment to business development, family, and the greater-Illinois community. An awards gala honoring the winners and finalists, as well as the tradition, dedication, and success of the family enterprise, will take place on Tuesday, November 29, at 6:30 p.m., at The Four Seasons Hotel Chicago.

The 2011 Illinois Family Business of the Year Awardees include:

This year’s awards drew nearly 200 nominations in five categories: small (companies with fewer than 50 employees), medium (50 to 250), large (more than 250), community service, and the century award. Winners of the awards have demonstrated positive family/business linkage, multi-generational family business involvement, contributions to industry and community, and innovative business practices and strategies.

“The Illinois Family Business of the Year Awards program gives us the opportunity to celebrate the incredible contributions of family business to our communities and our economy,” said Andrew Keyt, executive director of the Loyola Family Business Center. “The center is pleased to honor these dedicated families and their businesses.”

Past award winners include Neiman Brothers, W.S. Darley & Co., Hoffer Plastics Corp., Grecian Delight Foods, Ferrara Pan Candy Co., Wisdom Adhesives, Stenstrom Companies Ltd., Rex Electric & Technologies LLC, Packer Engineering Inc., Sloan Valve Co., Nielsen-Massey Vanillas, Turano Baking Co., Raynor Garage Doors, Glunz Family Enterprises, Edward Don & Co., and many more.

For more information on the awards and to purchase tickets for the upcoming gala, please visit LUC.edu/fbc.

About the Loyola University Chicago Family Business Center
The Loyola University Chicago Family Business Center is an interdisciplinary Center of Excellence dedicated to serving multigenerational, mid- to large-sized family businesses. The center provides transformational learning experiences aimed at increasing effectiveness in planning, problem solving, and preparing current and future generations of family business owners and managers. As part of the Loyola University Chicago School of Business Administration, the center upholds the Jesuit tradition of excellence in education, focusing on responsible leadership and development of the “whole” person.

About Loyola University Chicago
Founded in 1870, Loyola University Chicago is the nation’s largest Jesuit, Catholic university, with more than 16,000 students. Nearly 10,000 undergraduates hailing from all 50 states and 82 countries call Loyola home. The University has four campuses: three in the greater Chicago area and one in Rome, Italy, as well as a presence in Beijing, China, and an academic center in Saigon-Ho Chi Minh City, Vietnam. The University’s 10 schools and colleges include arts and sciences, business administration, communication, continuing and professional studies, education, graduate studies, law, medicine, nursing, and social work. Consistently ranked a top national university by U.S.News & World Report, Loyola is also among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service. To learn more about Loyola, visit LUC.edu, “like” us at Facebook.com/LoyolaChicago, or follow us on Twitter via @LoyolaChicago.

-Loyola-

Editor’s Note: Please see below for a description of winners, along with a full list of finalists.

Small Business Category: Richards Graphic Communications Inc.

The fourth generation of family members runs this full-service commercial printing and fulfillment company. Richards Graphic Communications is known for powerful communications using multiple medias and platforms. Since 1925 this female-owned, family business has been thriving and differentiating itself in a typically male-dominated industry. Three generations are currently involved in operations and in implementing the mantra passed down through the family over the past 86 years: “You can achieve anything you want, as long as you work hard and stay focused.”

Finalists:
Resicom
Russell Martin Carpet and Rugs

Medium Business Category: St. Andrews Golf & Country Club
Since 1926, St. Andrews has weathered economic peaks and valleys wisely, which is attributable to a strong family core and a “do whatever it takes” mentality. Surviving the depression, war, and recent recessions, the respected golf and country club endures. Today, five generations are involved in running this evolving business. Looking to the future, St. Andrews recently invested $3 million into its property, started a consulting business, adopted green technologies to reduce chemical and utility bills, and developed 205 acres of unutilized land for farming.

Finalists:
Flavorchem Corp.
FONA International

Large Business Category: Ed Miniat Inc.
Since 1896, Ed Miniat Inc. has mastered the art of fully prepared meats, providing high-quality proteins to restaurant chains and nationally recognized food brands. Culinary and product innovators, they also take chef-prepared foods and develop them for the mass market. Three generations are currently involved in the business, with the fifth being groomed to take over. Committed to family management and passionate about customer service, Miniat is growth-oriented and poised to endure with new business opportunities and divisions on the horizon.

Finalists:
Crescent Electric Supply Co.
Graycor Companies

Community Service Award: Crescent Electric Supply Co.
It is not surprising that Crescent Electric is the 10th largest electrical distribution company in the United States. Privately held by the Schmid family and run today by the third generation, they believe strongly in reinvesting in the business, doing what they say they will do, and giving back. Their most significant philanthropic endeavor is the Crescent Community Health Center that provides healthcare to individuals who would not otherwise have access. The center puts the family’s “hand up versus hand out” approach into action.

Finalists:
Devon Bank
FONA International

Century Award: Gonnella Baking Co.
With a remarkable and proud history, Gonnella Baking Co. is celebrating its 125th year of continuous family ownership and operation. A Chicago institution, Gonnella is a leading national provider of freshly-baked breads and frozen doughs. It ranks as one of the largest private and independent bakeries in the United States, with close to 600 employees. Today, 34 members of the third and fourth generations run the company with an intense work ethic that has allowed them to double their business in the past decade.

       

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