Jim Pattison Group Explained

The Jim Pattison Group
Type:Private
Location Country:Canada
Foundation:, in Vancouver, British Columbia
Key People:Jim Pattison

Ryan Barrington-Foote[1]
Location:Vancouver, British Columbia
Num Employees:48,000 (2020)
Divisions:See
Industry:Media, automotive, packaging, food sales and distribution, magazine distribution, entertainment, export and financial industries
Products:Media, Broadcasting, Grocery, Billboards
Revenue: $10.9 Billion (2020)
Owner:Jim Pattison

The Jim Pattison Group is a Canadian conglomerate based in Vancouver. In a recent survey by the Financial Post, the firm was ranked as Canada's 62nd largest company. Jim Pattison, a Vancouver-based entrepreneur, is the chairman, CEO, and sole owner of the company. The Jim Pattison Group, Canada's second largest privately held company, has more than 45,000 employees worldwide, and annual sales of $10.1 billion[2] based on investments in Canada, the U.S., Mexico, Europe, Asia and Australia. The Group is active in 25 divisions, according to Forbes, including packaging, food, forestry products.[3]

In early 2022, the 93-year-old Pattison was still working full-time. According to Forbes, his net worth then was $5.7 billion, having increased substantially from the $2.1 billion reported in March 2009.[4] In September 2020, a news item stated that "Jim Pattison Group Inc. had $10.9 billion in revenue and employed 48,000 people".[5]

History

The Jim Pattison Group was created on May 8, 1961, when Pattison purchased a General Motors automobile dealership by borrowing $40,000 from the Royal Bank of Canada, and placing his home and life insurance policy with the bank as collateral.[6]

In 1965, The Jim Pattison Group was awarded a license to operate Vancouver AM radio station CJOR. The group then acquired Neon Products (Vancouver) & Seaboard Outdoor Advertising in 1967, Overwaitea Foods (Vancouver) in 1968, and Provincial News (Edmonton) in 1969. The real estate arm of the group was created in 1980. The Jim Pattison Group acquired British Columbia Magazine, Canadian Fishing Company in 1984, and Ripley's Believe It or Not! in 1985.

In 1990, the group acquired Foodservice Packaging Group, Flexible Packaging Group, and Coroplast and Montebello Packaging. The following year, the group launched its financial services division. The Jim Pattison Group acquired Westshore Terminals (B.C.-based coal-export terminal facility) in 1994, Buy-Low Foods in 1995, and launched Select Media Services. In 1999, the group acquired Cooper's Foods.

The Ripley's Aquarium opened in Myrtle Beach, SC, and Ripley's Aquarium of The Smokies, Gatlinburg, TN opened in 2000. In 2001, the group acquired Monarch Broadcasting and Van-Whole Produce, and started ProLogix Distribution Services and AccuLogix Distribution Services the following year. Ever Corp. was acquired in 2002 and LIN PAC Inc. in 2003. In 2004, the Jim pattison Group acquired Classic Attractions (Texas), St. Augustine Sightseeing Trains (Florida), Maltese Signs (Norcross, GA), the auto lease business of Cross-Canada Car Leasing Limited (Toronto, ON), and the periodical distribution companies in San Jose and Chico, CA.

October 29, 2013, Pattison became an insider of the Just Energy Group, a publicly traded corporation on both the Toronto Stock Exchange and the American Stock Exchange, by taking possession of more than 14 million shares (over 10% of the company's shares outstanding).[7]

Divisions

Some of the more significant divisions of the Jim Pattison Group include:

Illuminated Signs

Pattison Food Group

See main article: Pattison Food Group.

Pattison Media

Television stations

Radio stations

Other media properties

Periodical Distribution

Entertainment

Automotive Group

The Jim Pattison Auto Group

Dealerships
Body Shops

Jim Pattison Lease

The Jim Pattison Packaging Group

Export and Financial Services

External links

Notes and References

  1. News: Larsen . Karin . January 6, 2023 . Former premier Glen Clark out as president and COO of Jim Pattison Group but remains with company . live . https://web.archive.org/web/20240205050644/https://www.cbc.ca/news/canada/british-columbia/glen-clark-out-as-president-and-coo-of-jim-pattison-group-1.6705967 . February 5, 2024 . April 16, 2024 . Canadian Broadcasting Corporation.
  2. Web site: Jim Pattison Group Agrees to Sell U.S. Magazine Distribution Related Assets to American News Company, LLC. Newswire. 29 November 2018. 26 December 2018. https://web.archive.org/web/20181221164430/https://www.prnewswire.com/news-releases/jim-pattison-group-agrees-to-sell-us-magazine-distribution-related-assets-to-american-news-company-llc-300757701.html. 21 December 2018. live.
  3. Web site: '#237 Jim Pattison. Founder, Chairman and CEO, Jim Pattison Group . Forbes . 26 December 2016 . 26 December 2018 . https://web.archive.org/web/20181227040623/https://www.forbes.com/profile/jim-pattison/#7beccd4e1392 . 27 December 2018 . live .
  4. Web site: 'Canada's Warren Buffett' Drives His Own Pickup Truck . Bloomberg . 21 December 2016 . 26 December 2018 . https://web.archive.org/web/20181226232554/https://www.bloomberg.com/news/features/2018-12-21/-canada-s-warren-buffett-jim-pattison-drives-own-pickup-truck . 26 December 2018 . live .
  5. Web site: He's 91 and worth billions. Now Jimmy Pattison is hunting deals . Vancouver Sun. 16 September 2020. 20 September 2020.
  6. Web site: Top 10 richest Canadians .
  7. Web site: Insider Filings, News and Alerts on the Canadian Stock Market. www.canadianinsider.com.
  8. News: Lassonde Industries Inc. . Canadian-owned companies Lassonde Industries Inc. and Sun-Rype Products Ltd. to join forces . 30 October 2019 . Lassonde Industries Inc. . 29 October 2019 . https://web.archive.org/web/20191030053933/https://www.lassonde.com/en/communications/canadian-owned-companies-lassonde-industries-inc-and-sun-rype-products-ltd-to-join-forces/ . 30 October 2019 . live .
  9. News: Michaels . Kathy . Deal to sell Sun-Rype for $80 million underway . 30 October 2019 . INFOnews.ca, a division of InfoTel Multimedia, Ltd. . 29 October 2019 . https://web.archive.org/web/20191030053932/https://infotel.ca/newsitem/deal-to-sell-sun-rype-for-80-million-underway/it67168 . 30 October 2019 . live .
  10. Web site: 2024-06-28 . Vancouver-based Jim Pattison Group acquires U.S. grocery chain owner Save Mart Companies . 2024-07-01 . CityNews Vancouver.
  11. Book: Polyethylene Retail Carrier Bags from China, Malaysia, and Thailand, Invs. 731-TA-1043-1045 (Preliminary). DIANE Publishing. 978-1-4578-2115-8. 38.

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