On July 7, 2009, a group of senior managers doing business as Infinity Rubber Technology Group Inc. announced that it had purchased the assets of the Toronto-based plant of Biltrite Rubber (1984) Inc. Terms of the deal were not released.
The Biltrite Group of companies filed for bankruptcy protection in both Canada and the US back in March of 2009. The Ontario Superior Court of Justice approved the sale of the Toronto assets to Infinity Rubber in July.
Mark Brennan of Fasken Martineau advised Infinity Rubber on the real estate aspects of this transaction.