Situation: Poly-Nova Technologies, based in Ontario and founded in 1996, is a world leader in state-of-the-art rubber molding and material development of highly-engineered parts for the automotive, appliance, and electrical markets. When the company decided to undergo a shareholder transition, the economy was at the start of the downturn and their industry sector (auto parts manufacturing) was sliding into a deep trough. To complicate matters, Poly-Nova’s corporate structure included three shareholders, one active and two passive, with three independent holding companies, two of which were registered in the USA and one in Canada.
