Avatar photo

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.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.