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Press release from CNW Group

Vicwest Inc. Establishes European Office for Westeel Storage Solutions

Friday, October 14, 2011

Vicwest Inc. Establishes European Office for Westeel Storage Solutions09:04 EDT Friday, October 14, 2011OAKVILLE, ON, Oct. 14, 2011 /CNW/ - Vicwest Inc. (the "Company") (TSX: VIC, VIC.DB) today announced that its Westeel Storage Solutions division will open its first branch facility in Europe as part of the Company's strategy to expand its presence in the global market for agricultural grain storage and handling equipment.Located in Madrid, Spain, the branch will operate under the leadership of Antonio Benítez Kühl, Westeel's newly appointed International Sales Manager who will take responsibility for marketing, sales and application engineering activities in Europe. Mr. Benítez Kühl joins Westeel from a leading silo manufacturer based in Spain where he served as Commercial Manager and developed extensive experience and market connections."The European market for grain storage and handling equipment is estimated at $1 billion annually and by establishing front-end capabilities in Spain, we expect to significantly grow our share, enhance service to existing European customers and improve the connectivity between our Canadian-domiciled manufacturing operations and our international markets," said Colin Osborne, President and CEO. "This announcement is another important step in expanding our global reach through an active business approach that leverages our reputation, advanced manufacturing capabilities and leading brands to achieve organic growth."In addition to its new facility in Spain - which will open late in the fourth quarter - Westeel is the market leader in grain storage and handling in Canada where it operates five production facilities. In late 2010, it also formed a strategic alliance with Buhler Industries, manufacturer of the Versatile® and Farm King brands of agricultural equipment. Through this alliance, the partners are collaborating to maximize opportunities in the United States (where Buhler Industries has a leading distribution footprint) and Canada. More recently, Westeel added advanced elevator and conveyer grain handling systems to its offering in Canada through an agreement with Skandia Elevator AB of Arentorp, Sweden, Europe's largest manufacturer of advanced grain handling systems.Today, Vicwest Inc. delivers its products to customers in more than 30 countries and international sales represent approximately 20% of Westeel's grain storage revenues."Our new facility in Spain will serve as a gateway to Europe, allowing us to continue to build upon our relationships with existing domestic customers and create opportunities for new partnerships," said André Granger, Westeel's Vice President and General Manager. "This is a solid step towards accelerating our international sales growth, and we are very pleased that Antonio has chosen to bring his extensive market knowledge and contacts to Westeel to lead our effort."ABOUT VICWEST INC.Vicwest Inc. is a leading manufacturer and distributor of building construction products, and steel containment products for agricultural grain, fertilizer and liquid storage. Through its Vicwest Building Products division, the Company fabricates and markets metal roofing, siding and other metal building products under the trade names Vicwest, Mercury Metals, Valley Truss & Metal, RCA Metal and AWIP-Vicwest USA. The Company's Westeel Storage Solutions division manufactures storage solutions for agricultural grain and fertilizer, as well as liquid storage tanks and accessories. These products are manufactured and distributed under the trade names Westeel, Northern Steel Industries and NSI. Through a global alliance, Westeel distributes Buhler Industries-manufactured grain handling equipment in Canada under the Westeel brand while Buhler Industries markets and sells Westeel-manufactured products through its US distribution network. In Canada, Westeel also represents Skandia, Europe's most advanced elevator and conveyor grain handling systems. With approximately 1,100 dedicated employees and strategically located manufacturing facilities, the Company delivers superior quality products and excellent service to customers in chosen markets. Vicwest Inc. is a member of the S&P/TSX SmallCap Index. For more information, visit www.vicwestinc.com.FORWARD-LOOKING STATEMENTSCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws.  Forward-looking statements include, but are not limited to, management's beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.  Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events.  Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements.  Readers are encouraged to review the most recently filed Management's Discussion and Analysis and other disclosure documents filed by the Company with Canadian securities regulatory agencies and commissions. Readers are cautioned not to place undue reliance on the Company's forward-looking statements.  The forward-looking statements contained herein are made as of the date of this press release and except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.For further information: Colin Osborne President & Chief Executive OfficerVicwest Inc. Tel:  (905) 469-5700 Fax: (905) 825-1090 ir@vicwestinc.com Edward (Ted) A. Mahood, CA Chief Financial OfficerVicwest Inc. Tel: (905) 469-5706 Fax: (905) 825-1090 ir@vicwestinc.com