October 2, 2016
Canadian Business Magazine has ranked Lorenz Conveying Products one of Canada’s Fastest Growing Companies on the 28th annual PROFIT 500 list. The Canadian Business Magazine ranks Canadian businesses by their revenue growth over five years.
Lorenz Conveying Products made the 2016 CANADA’S FASTEST GROWING COMPANIES list with five-year revenue growth of over 79%.
The Profit 500 list of CANADA’S FASTEST GROWING COMPANIES is Canada’s largest annual celebration of entrepreneurial achievement giving businesses recognition for their achievements and contributions to Canada.
“The entire Lorenz team is proud to be on theCANADA’S FASTEST GROWING COMPANIES rank for the third year in a row” says President, Peter Lorenz. “This achievement shows the commitment our employees and management have to keeping our company strong, innovative and successful.”
“They break down the top 500 by industry and the95 manufacturing firms on this year’s ranking grew their revenues an average of 602% between 2010 and 2015, which shows Canada’s strong manufacturing base is doing well. We were 89th on the list for manufacturing.”