PROFIT HOT 50

#1

Western Manufacturing Ltd. / West Fab Manufacturing Ltd.

Makes storage tanks for the oil and gas sector

Inside track

The oilpatch suffered a sharp slump in 2008-09 that drove big players out of the business of building custom tanks. That left plenty of room for Western Manufacturing to ride the subsequent dramatic rebound and become Canada's fastest-growing startup.

Company Profile

Chief Executive(s): Lonny Thiessen Head Office: Grande Prairie, Alta. Website: www.westernmanufacturing.ca

Company Financials

Growth 2009-11 (%): 32,714 Revenue 2011: 32,813,535 CAD Revenue 2009: < $100,000 CAD
Profit Margin 2011: > 10% Employees 2011: 200 Employees 2009: 2
Exports as % of Sales: 0