A long-term client of our firm, Salit Steel will present its amazing story of a century long business success on November 29, 2011 during a Family Firm Institute (FFI) Ontario Chapter Event.
You won’t want to miss Steve Cohen, fourth generation owner of 100-year-old Salit Steel, and Alan Litwack, partner in the Business Law Group of Miller Thomson, LLP, for a robust exploration of succession planning and what keeps Salit Steel resilient.
From scrap yard to steel company, Salit Steel has galvanized four generations to create a company with markets across Ontario – against better-capitalized competitors. Today the company continues to flourish with two primary divisions, Rebar and Steel Service Center, serving Southern Ontario in the traditions long ago proudly established by Myer Salit in 1905.
This is an unusual opportunity to hear first-hand what obstacles and opportunities confronted Myer Salit who started the company in Niagara Falls, ON with resolve, a vibrant work ethic, an idea – and little else. You’ll also learn of the strategies that kept subsequent generations not only engaged but also eager to build on the original dream.
The ‘nuts and bolts’ will be also discussed, ranging from an estate freeze to succession strategies that have contributed to the success of the business.
The event will take place on November 29, 2011, 5:30 PM to 7:30 PM at Ivey ING Direct Leadership Centre (130 King Street West, Ground Floor, Toronto, ON M5X 1A9). To register, please click here.
FFI is an international professional membership organization dedicated to providing interdisciplinary education and networking opportunities for family business and family wealth advisors, consultants, educators and researchers and to increasing public awareness about trends and developments in the family business and family wealth fields. Please visit the direct link to the Ontario Chapter at: http://ontario.ffi.org/.
For information on the Ontario Chapter, please contact Larry Klar, President, at firstname.lastname@example.org or (416) 867-8090.
Bruce Roher, CA • IFA, CBV, CFE
Fuller Landau Valuations Inc.
151 Bloor Street West 12th Floor
Toronto Ontario M5S 1S4