DOWNSVIEW, ONTARIO - Assets of Woodbridge Moulded Products Ltd. are for sale by Perry Krieger & Associates Inc. of Don Mills, Ontario. Assets include about 20 injection presses, including Husky and Nissei models, decorating and printing equipment, and extrusion equipment.
The custom injection molder filed for bankruptcy on June 19. Officials for the Downsview firm refused to comment on events that led to the bankruptcy. Woodbridge had assets of C$2.2 million (US$1.6 million) and liabilities of C$5.7 million (US$4.2 million) when it filed.
Perry Krieger will sell Woodbridge's assets in lots by tender bids. Perry Krieger said it initially hoped to sell the business as a going concern, but customers pulled their molds, leaving Woodbridge with little production.
Bids will be accepted until July 26.