On the heels of several recent mergers and acquisitions, two more local companies in the tool/mould making industries have paired up, with DMS Canada purchasing Component Guys in a deal that closed earlier this month. The firms specialize in supplying parts, materials and services to larger tool and die and mould-making shops across North America. “Our goal is to have more inventory, a better selection of products and more experienced people,”.
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Oldcastle-based Toolplas Systems Inc. closed its doors this week, putting about 200 employees out of work at its two Windsor plants.
The firm, founded by Nick Mamatas in 1999, also has a plant in Mexico and does production in China.
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Calls and emails to Toolplas weren’t returned on Friday when some workers were observed removing their personal belongings.
“It was a great business, with good employees and good machinery,” Canadian Association of Mold Makers chairman Jonathon Azzopardi said.