LINDSAY, Ontario (Nov. 7, 2005) — The assets of bankrupt inner tuber maker Trent Rubber Corp. will be auctioned off Nov. 8 at the firm's plant in Lindsay, near Toronto.
Trent Rubber filed for bankruptcy in April and ceased production in July after the firm's receiver failed to find any buyers. The closing affected 124 employees.
Auction house Corporate Assets Inc. is handling the auction, which includes six extruders, two mills, 11 curing presses, a No. 3 Farrel Banbury mixer and various molds and other processing equipment.
Trent Rubber, founded in 1969, had been part of New York-based Allied Group Inc. since 1990. Allied Group bought Trent because of its roofing materials product line, which complemented those of Viceroy Rubber of Toronto, which Allied had acquired in the early 1980s.
The bankruptcy also affects Trent's Pilote Marketing affiliate.