OAKVILLE, Ont. — Canadian auto parts maker, Ventra Group Inc., is considering putting itself up for sale due to an undervalued company stock.
Ventra creates mechanical assemblies and high-precision moulded plastic parts for vehicles, including medium- and heavy-duty trucks.
The company has solicited the advice of Nesbitt Burns to help determine their next move.
“Actions could include the potential sale of non-core businesses, options to raise additional equity from existing shareholders or new investors, or the potential sale of the company,” says Ventra chairman Spencer Lanthier.