By Martin Vedris

PARIS: Groupe SEB was awarded the 2008 ‘Family Company Grand Prix’ by the ASMEP (Association of Medium-sized Family Companies) in recognition of the company’s performance in five key criteria.

The decision to award Groupe SEB with the Grand Prix 2008 — which is dedicated to sustainable growth — was based on five criteria: the capacity to innovate, the capacity to undertake successful internationalisation, excellent quality management, customer and employee loyalty creation and an environmentally friendly approach.

“I’m very honoured to be receiving this prize in the name of Groupe SEB,” said Groupe SEB’s chairman and chief executive officer, Thierry de La Tour d’Artaise.

“It is a fabulous reward for all of the Group’s employees and for our shareholders. We have always attempted to develop the Group in accordance with a set of demanding values, and I’m convinced that it is mainly thanks to our family-based shareholding that we have been able to establish these values at the very core of our growth.”

Designed and created in 2001 by the ASMEP (Association des Moyennes Entreprises Patrimoniales) in collaboration with Lombard Odier Darier Hentsch and the French section of the FNB (Family Business Network), the aim of the Family Business Grand Prix is to enhance the image, values and importance of French family-based corporations.

It is rewarded to family companies that differentiate themselves from their competitors by establishing the conditions for sustainable growth.