12 August 2009
EM Plastic outbids Unisource for Mondrian-Hall
BRAMPTON, ON—EM Plastic & Electrical Products is set to take over bankrupt Mondrian-Hall. A bidding process was held yesterday by receiver RSM Richter, with both EM Plastic and original suitor Unisource Canada proposing offers on the insolvent company. Mondrian-Hall CEO Jack Ford confirmed that EM Plastic won the bid, offering about $150,000 more than its competitor after several offers from both companies.

Ford said the deal is expected to be approved next week and the sale will close sometime in late August or early September. Mondrian-Hall will operate as a division of EM Plastic, Ford said, and maintain its own brand identity.

Ford said he will likely return to his home in the U.S. after helping with transition.

Unisource announced last month that it was set to buy the large-format equipment supplier, which filed for bankruptcy on July 8.

Mondrian-Hall, formed through the merger of Mondrian and Treck-Hall in November 2006, specializes in large-format printing, usually signage, and distributes for companies such as Kodak, Epson, HP and Mutoh.

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Joe says:
Too bad he stiffed lots of suppliers when he bankrupted Harmony. Ruined his reputation......
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