THUNDER BAY, ONTARIO - On July 26, 2012 Grant Thornton Limited was appointed as the receiver (the “Receiver”) of Global Sticks Inc. (“Global Sticks” or the “Company”). The Company operated a manufacturing facility producing a variety of single use disposable wood products for use in the food/dairy, paint accessories, and craft industries from leased premises located in Thunder Bay, Ontario, Canada.
We are inviting prospective purchasers of the business of Global Sticks to submit offers for the assets being offered for sale consisting of:
• Manufacturing & office equipment owned by Global Sticks and located at 24 Haniak Road, Thunder Bay, Ontario, Canada;
• Finished goods, raw materials inventory and packaging.
We are also inviting auction proposals on both a commission and net minimum guarantee basis.
A deadline of 4:00 pm (EST) on Tuesday, September 25th, 2012 has been established for submission of offers/proposals.
Submissions must include the Receiver’s Form of Offer.
The offers/proposals received will be evaluated on their merits after the submission deadline. The Receiver reserves the right to negotiate the terms of a purchase or auction services agreement with one or more parties whether before or after this deadline. The Receiver is not under any obligation to accept the highest, or any, offer submitted and the Receiver may discontinue the sale process or withdraw the assets from sale at any time, without notice, at its sole discretion. Please submit your offer/proposal marked STRICTLY CONFIDENTIAL to:
GRANT THORNTON LIMITED
Receiver of Global Sticks Inc.
979 Alloy Drive, Suite 300 Thunder Bay, ON P7B 5Z8
Attention: Frank Fabiano
Tel: (807) 345-6571
Fax: (807) 346-7304
August 23, 2012
A Canadian Member of Grant Thornton International Ltd
To obtain additional information regarding the business and assets available for sale or to make arrangements to view the assets, please contact the undersigned at (807) 345-6571 or by email at Frank.Fabiano@ca.gt.com.
Please note that parties interested in purchasing the business of Global Sticks will be required to execute a form of Confidentiality Agreement prior to the release of any financial and operational information concerning the Company. En bloc offers to purchase the turnkey business will be given special consideration.
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