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BFC history
BFC company history timeline
Banister's son Rodger became both chairman and president of Banister Continental in 1975.
In 1976 Banister Continental was ruled Canadian-controlled, allowing it to develop and expand without restrictions in Canada.
Banister Continental's problems worsened after Pitts, in 1979, became the sponsor and half-partner for the $320 million Revelstone dam and powerhouse on the Columbia River in British Columbia, the largest publicly tendered construction project in Canadian history.
By mid-1981 Banister Continental was in severe financial trouble.
Banister Continental's problems worsened after Pitts, in 1979, became the sponsor and half-partner for the $320 million Revelstone dam and powerhouse on the Columbia River in British Columbia, the largest publicly tendered construction project in Canadian history. As a result the company lost money despite record revenues during the next three years, culminating in a C$14.5 million loss ($12.3 million United States) on revenues of C$146.5 million ($124.5 million United States) in fiscal 1981.
1984: Production of first samples Remseck/Baden-Württemberg – Germany.
Losses from pipeline projects came to C$26 million (about $22 million United States) in that period. As a result it lost $40.8 million on the job, which was not completed until 1984.
1985: Production and Sales of rotary cut clamping profiles.
Churchill then sold its stake in Banister to Trimac and Skanska for C$9.78 a share ($8.36 United States). The new president was William M. Bateman, who had previously been president of Banister Continental during 1985-86.
The firm fell in the red in 1989 because of a C$7.8 million ($6.6 million United States) loss on pipeline construction.
In 1990 it also lost money on civil engineering and, despite record revenues of C$700.4 million ($598.6 million United States), lost C$8.5 million ($7.3 million United States) in total.
All was not well, however, with the company, which became Banister Inc. in 1990.
Revenue fell sharply in 1991, but the firm returned to profitability.
1993: Foundation and initial operations of BFC Bretnig/Dresden – Germany.
In 1993 Banister acquired Majestic Contractors Ltd., which it merged into a new subsidiary called Banister Majestic Inc., which was now the largest pipeline contractor in Canada.
At its 1994 annual meeting the company reported a record backlog of C$750 million ($547 million United States) in orders.
The firm remained profitable in spite of a Canadian economic slump and some bad contracts during 1994-95.
1995: Development of coiling technology.
Net income reached C$9.1 million ($6.7 million United States) in 1996 on record revenues of C$715.6 million ($526.2 million United States). Of this revenue, civil, industrial, and building construction accounted for 73 percent and utility and pipeline construction for 27 percent.
BFC Construction's chief stockholders at the end of March 1997 were Trimac, with 22 percent of the shares of common stock, and Mackenzie Financial Corp., with 11 percent.
In 1997 BFC's revenues slumped to C$606.8 million ($438.1 million United States) and its net income to only C$1 million.
At the beginning of 1997, Foundation (which had recently absorbed Banister Majestic), Jackson-Lewis, and Cliffside Utility Contractors--another subsidiary--were amalgamated into a new subsidiary named BFC Construction Group Inc.
1998: Certification of Quality Management according to DIN/ISO 9000.
1999: Development of 100% – splitting control with laser.
2004: Development of welding technology for aluminium strips.
2004: Foundation and initial operations of BFC Shanghai – China.
2005: Foundation and initial operations of BFC USA in North Carolina.
2007: Buildup of new BFC headquarters in Bietigheim-Bissingen / Germany.
2008/09: Start of production new plant in Bietigheim-Bissingen / Germany.
2009: Certification of Environmental Management according to DIN/ISO 14001.
2010: Foundation and initial operations of BFC Turkey.
2012: Development and commissioning of the “new” generation production line.
2015: Foundation and commissioning of BFC Anshan, China.
2016: Development of 100% “high-speed gap” measurement.
2019: Foundation and commissioning of BFC Chongqing, China.
2020: Foundation and commissioning of BFC Mexico.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wetzel Brothers | 1885 | $17.4M | 50 | - |
| Knepper Press | 1873 | $35.0M | 200 | - |
| dsgraphics | 1974 | $51.0M | 100 | - |
| Hopkins Printing | 1975 | $5.6M | 67 | - |
| Cockrell Printing | - | $5.0M | 50 | - |
| ANRO | 1953 | $4.4M | 50 | 6 |
| J&A Printing Inc. & Promotions | 1983 | $44.5M | 130 | - |
| Manufacturing | 1972 | $130.0K | 100 | - |
| Pangea | 2001 | $9.7M | 20 | 10 |
| BTA | - | $410,000 | 50 | - |
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BFC may also be known as or be related to BFC, BFC Inc., Bfc Forms Service Inc, Bfc Forms Service, Inc. and Bfc Inc.