Winalta Inc

Winalta Inc. rents, delivers, and maintains modular camp units, trailers, and power and water systems for use at well sites, mines, and lumber camps in western Canada. Winalta shed its manufactured home building and construction services business in 2010 after emerging from creditor protection. The company disposed of several assets, including land, homes, manufacturing plants, and gravel pit leases, in order to reduce its $46 million debt. Some of that debt likely came from the 2009 acquisiton of Winalta Envirocore, a road builder for the oil and gas industry. The recession drove down demand and Winalta's revenues and stock prices plunged that same year.