N2 Ingredientssupplier of natural, gluten-free and certified organic food ingredients celebrates being named to the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. "This is our fourth time in five years that we've been honored with a place on PROFIT Magazine's list. To me and the entire N2 team, its continued affirmation that what we're doing is the right thing for our customers and supply chain partners," says Bob Crane, president, N2 Ingredients. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.
"Being in the forefront of food trends is our business. Organic, natural and gluten-free ingredients are the channels we use to deliver the latest trends. In terms of keeping our competitive edge, our business model allows us to react quickly to emerging food ingredient demand," continues Crane. "Our early entry into gluten-free baking mixes is a clear example." N2 acquired a blending machine to create baking mixes for private-label sale in supermarkets. The gluten-free mixes currently account for 15% of N2 net sales and projected to grow to 40% within three to five years.
"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast." As leaders in food trends, N2 Ingredients is on the right path to a fifth year on PROFIT Magazine's 2012 list.
N2 Ingredients gains insights into new food trends by speaking with industry leaders, following trade journals and participation at industry events. N2 will be at the Natural Products Expo East, September 22-24, 2011, Boston, Supply Side West, October 10-14, 2011, Las Vegas and the Fancy Foods Show, January 15-17, 2012, San Francisco. "Our team is always excited to speak about what we're seeing in the market," concludes Crane.