Acuity Closes its Doors
Richmond Hill's Acuity Solutions Group has closed its doors, placing upwards of 80 employees out of work.
Visitors to the company's 20 East Pearce St. location are greeted by a notice on the door, which says the property is in possession of Grant Thornton Limited, a Court Appointed Receiver for Acuity Solutions Group. Nobody from the company could be reached for comment.
The company struggled financially in recent years, but in April 2010, Acuity President Ron Morgan announced it had finished its restructuring to gain new financing. “The restructuring puts us in a better financial position moving forward,” wrote Morgan on the company's blog. The company was known as Acuity Innovative Solutions before the restructuring.
The company was one of only a few 10-micron stochastic capable printers in Canada and offered end-to-end solutions, from digital asset management to point-of-purchase graphics.
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