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Bestar Company History

BESTAR Inc. was founded in 1948 in Ste-Martine de Courcelles, by Jean-Marie Tardif, father of Paulin Tardif, Chairman of the Board, by letters patent dated January 22 1964, issued under the Quebec Companies Act under the corporate name of BES-TAR Ltd. The Company’s initial nomination was based on the first letters of the names of its two directors, J. Besner and J.M. Tardif. The Head Office was then located in St-Sébastien, Quebec, Canada.

Initially, the Company manufactured assembled handicraft furniture such as coffee tables, end tables, massive wood rocking chairs and bookstands. The fabrication of these products was eventually replaced by t he manufacturing of a series of shelves for the Grolier Company.

In 1967, Bestar establishes its plant in the Lac-Mégantic industrial park and in 1969, transfers its Head Office to Lac-Mégantic, Quebec, Canada. In 1980, the Company pursues its operations under Part 1A of the Companies’ Act (Quebec).

It was in 1970 that BESTAR decided to make significant changes in its manufacturing procedures coinciding with the increasing availability of higher quality particle board .

In 1981 and 1985, the Company put forth an important development project involving the expansion of the existing plant and the acquisition of high-tech equipment.

The Company becomes public in September of 1986 when it is listed on the Montreal Stock Exchange under the name of BESTAR Inc. The Company is a major manufacturer of ready-to-assemble furniture and then specializes in audio-video furniture as well as office furniture for homes and small businesses.

In 1987, BESTAR acquires Décabois, a company involved in the manufacturing of assembled office furniture.

In 1990, BESTAR’s situation has considerably deteriorated. Consequently, the Company’s administrators have implemented a major restructuring program with the financial participation of the Fonds desolidarité des travailleurs du Québec(FTQ) (Le Fonds). The BanqueNationale du Canada (the Bank), and the Société industrielle du Québec (SDI) are also partners in this restructuring program.

At the end of 1991, the Décabois plant is closed.

In 1992, another sum of $750,000 provided by the Fonds and a debenture from the Fonds are injected into the Company along with loans from the Bank and the SDI , all of which are converted into preferred shares. (The Company proceeded to buy back these preferred shares in 1999, following an offer for long-term financing from the Bank.)

In 1993 and 1994, the Company reported better results but slowed down in 1995, followed by significant growth from 1996 to 2000. In 1996, BESTAR obtains its first ISO 9001 certification and henceforth dedicates its development to the manufacturing of office furniture, a product for which there is much demand. During this period, it also benefited from the expansion of warehouse clubs, big box retailers, & mass merchandisers and the fall of the Canadian dollar, an important factor contributing to increased sales on the USA market. An important expansion project put forth in 1998 is terminated in 1999.

Despite a profitable first semester in 2000, the loss of a major client, the slowing down of economic conditions along with a difficult market situation leads to deterioration of results for the following years.

In order to promote revival, the Company then proceeds to restructure and implements a participative management program based on teamwork. To ensure success with this new approach and to accelerate its implementation, BESTAR, in 2004, decides to appoint a new management team composed of individuals who can master this type of management philosophy. BESTAR pursues its restructuring program and completes its financing. More money is injected into the Company by way of a private placement of $975,000, an unsecured debenture of $975,000 provided by the Fonds de solidarité des travailleurs du Québec (FTQ) and a loan from Investissement-Québec, totaling $1,500,000 (including $500,000 for cash flow and $1,000,000 available for future investment projects). These actions should help to accelerate revival of the Company.

Bestar’s products are distributed globally through major retailers in the mass market, office superstore, warehouse club, catalog and office dealer channels.

Bestar’s shares are listed on the Toronto Stock Exchange under the symbol “BES”

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Computer Desks : What features to look for.

The typical office desk comes in many shapes, sizes, materials and finishes. Would a black desk, white desk, glass desk, or traditional wood desk best fit your office décor? Regarding size, do you need a smaller student desk, laptop desk, writing desk or do you need a large executive desk or home office desk? Shape is perhaps the most important consideration. Your office space will dictate whether a corner computer desk, u-shaped desk, l-shaped desk, or a standard desk best fits your space.

You should also consider whether you will need to add a hutch, bookcase, or lateral file to your office desk in order to provide additional storage space.

The L-shape desk optimizes floor and work space because it can fit into a corner of your office. Most L-shape desks are able to stand alone but can be used with a bookcase, lateral file, or printer cart to create an office suite.

A U-shape desk is made of three basic components; a credenza with desks on both sides. U-shape and U Shaped computer desks are perfect for two people using the same work area, or for someone who needs to have space to work, in addition to the area allocated for the computer. This type of desk tends to take up a lot of floor space. However, U-shaped desks can still be used in small rooms depending on the dimensions of the desk.

Which Computer Desk is Right For My Office?

Designed to fit into a corner, corner desks are an ideal solution for the home office that is part of another room or for one that is relegated to a small space. A corner workstation also has the added benefit of being ergonomic, because everything you need tends to be within easy reach.

Adding a hutch to a workstation allows you to build up instead of out, permitting you to add storage without taking up additional floor space. Many types of computer desks will offer a hutch for purchase as a separate unit, but purchasing a desk with the hutch will likely be cheaper. And buying an office desk set is usually more economical in the long run.

Workstations, like printer carts, combine a work area with different storage options or configurations. If moving the workstation around is not an option, select a computer armoire that will function as a computer desk when needed, and can be closed when not in use.

Depending on the number of pieces of office equipment you will be using on a daily basis, a writing desk can be used for your computer or laptop. A writing desk gives a room style whether you're doing homework or paying the bills.

Corner Computer Desks are available in many styles and colors. Manufactures to consider are Bestar Desks, Leda, Sauder, O'Sullivan, Prepac, Quebeko, Safco, Ameriwood, Eurostyle, Luxor, Mayline, Passport, Powell Furniture, South Shore, Southern Enterprises, Standard Furniture.