Co-ops again appear on the Fortune lists (1997)

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This document has been made available in electronic format
by the International Co-operative Alliance (ICA)
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Oct, 1997
(Source: Asia-Pacific Co-op News, Vol.4, No.3, Jul-Sept. 1997, pp.6)


Co-ops again appear on the Fortune lists
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Three co-operatives figured prominently on this year's Fortune 500 and
eight on the top 1,000.

Farmland Industries, which has been on the list for three years, is ranked at
51 this year, up from 177 last year; ACE Hardware has also risen on the
list, from 486 last year to 478 for 1996.  Roundy's also appears on the
list, having fallen from 477 to 498.

Both Spartan Stores and Cotter and Company were dropped from
Fortune's 500 list but appeared on the Top 1000.  Spartan narrowly
missed the 500 at 507 from last years 487.  Cotter and Company
continued to fall, from 438 in 1994, to 497 in 1995 and now to number
520 for 1996.  Oglethorpe Power and Agway also suffered with drops
in the list in 1996, the former falling from 836 to 921 and the latter
from 557 to 643.

Certified Grocers, which was new to the list last year, barely moved at all,
from 612 in 1995 to 621 in 1996.  Other co-operatives were more
successful in 1996, including Goldkist, which is up to 619 from 646, and
United Grocers, which jumped from 924 in 1995 to 849 in 1996.

Two new co-ops  also appeared on the Top 1,000 for the first time. 
Dyncorp and CF Industries. Dyncorp, an employee-owned service
company, stands at number 972 while CF Industries, a chemical company,
holds 759.