Bruce Bond, President of Unisource Canada, announced that the deal to acquire Mondrian Hall Inc. has been completed, after the national supplies distributor and another company, EM Plastics & Electric Products, submitted competing bids and both signed purchase agreements.
In mid-August, Unisource Canada resubmitted a bid to RSM Ritcher, which was assigned to look after Mondrian’s assets under Companies’ Creditors Arrangement Act protection, as EM Plastics’ agreement was taken off the table.
With the Mondrian assets now secrured, Unisource Canada will expand its presence in the wide-format and sign printing markets. The company states Mondrian Hall will operate as a division of Unisource Canada.
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