- Insolvency Insider Canada
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- Toolplas Systems Inc., and Tool Processing Solutions Inc.
Toolplas Systems Inc., and Tool Processing Solutions Inc.
Toolplas Systems Inc., and Tool Processing Solutions Inc. (o/a TPS Global) (collectively the "Company"), two Oldcastle, Ontario-based manufacturing companies, were placed in receivership on March 3 on application by TD, owed approximately $18.1 million. The Company also owes approximately $5.9 million to BDC and a further $6.9 million to its unsecured creditors. Deloitte was appointed receiver and manager. Miller Thomson is counsel to the applicant.