On October 4, 2013 KPMG Inc. was appointed as receiver and manager of Atlas Block Co. Limited, Atlas Block (Brockville) Ltd and 1035162 Ontario Inc. by order of the Ontario Superior Court of Justice. A copy of the order is attached below under the section on Court materials.
KPMG Inc in its capacity as Court-appointed receiver and manager (the "Receiver") of Atlas Block Co. Limited and Atlas Block (Brockville) Ltd. (collectively "Atlas"), hereby invites written proposals for the purchase of the Receiver's right, title and interest, if any, in the business operations, undertaking and assets of Atlas on an en block basis, or otherwise, on an "as is, where is" basis. Atlas has locations in Hillsdale, Ontario and Victoria Harbour, Ontario (both near Midland, Ontario) and Brockville, Ontario. Atlas is one of Canada's leading manufacturers of concrete products including concrete blocks; landscaping products; and, brick and stone products.
Assets offered for sale include the following:
- Manufacturing operations, inventory and equipment;
- Real estate;
- Intangible assets;
- Atlas' interest, if any, in certain leased equipment.
All proposals must be sealed and received in writing by KPMG Inc. at Suite 700, 21 King Street West, Hamilton, Ontario L8P 4W7 no later than 12:00 p.m. (EST) on Thursday, November 7, 2013.
The highest or any proposal will not necessarily be accepted. En bloc proposals for the purchase of the entire assets and operations of Atlas will be given special consideration. Nothing contained in this Invitation for Proposal precludes the Receiver from entering into an agreement to sell any or all assets prior to Thursday, November 7, 2013.
All proposasls must be accompanied by a refundable deposit of 15% of the purchase price offered and conform with the terms and conditions set out by the Receiver.