TORONTO - Bankrupt custom molder Stahle Plastics' assets will be auctioned at the firm's Kitchener, Ontario, plant site May 16. Equipment includes 12 injection presses with clamping forces of 30-400 tons, most of which are Engel models, and granulators, chillers, ultrasonic welders and dryers.
Stahle Plastics filed for voluntary bankruptcy Feb. 27 after owners tried to sell the firm as a going concern, according to Martin Clarkson, senior vice president of BDO Dunwoody Ltd. of Kitchener, the trustee in bankruptcy.
Major secured creditor Toronto Dominion Bank sold the firm's equipment to Walter Haas Machinery Inc. of Montreal. Walter Haas Machinery is a partner in Continental Plants Corp. of Beverly Hills, Calif., which will conduct the auction.
James Stahle, former president and shareholder of Stahle Plastics, could not be reached for comment. Canadian Plastics Directory & Buyers Guide '95 listed Stahle Plastics as a 60-employee company established in 1982 that was a division of Namera Group Inc.