VC-backed Solegear to buy office products book of business
Solegear Bioplastic Technologies Inc (TSX-V: SGB), which went public earlier this year, has agreed to acquire the TOPS Products Canada book of business for office products of Columbia Plastics Ltd. The deal will see Solegear issue 125,000 common shares to Columbia. Vancouver-based Solegear said the office products will be made using its proprietary plant-based bioplastic and are forecasted to generate up to 60,000 units of sales in 2016. In October, Solegear secured an investment from The Hillcore Group. It has previously received funding from Canadian venture capital firm Yaletown Venture Partners, Best Buy Capital and other investors.
3 December 2015•4 mins read
