Onex Corporation
See also: Onex
Onex Corporation () is a Canadian conglomerate whose head office is with Toronto. Founded in 1983 by Gerry Schwartz, it is a company with open capital in 2006. However, Schwartz has 67,6% of the rights to vote and is its chairman.
Description
In 2006, it works in the sectors of the health care, the real estate, the electronic products, the cinemas and aeronautics.Onex specializes in the repurchase, in Canada and the United States, from companies in difficulty or underestimated, to resell them later with a generous benefit. The Restructuration S often pass by a reduction of the wages, personnles, as well as the Sous-traitance. It often acquired the manufacturing part, often expensive, of companies in difficulty to transform them into units at reduced cost.
It also posted its interest for the industry of air transport while trying to buy at the same time Air Canada and Canadian Airlines, without success.
It is also active in the American health system, the entertainment (Cineplex Entertainment, a company operating of the cinemas) and in aeronautics (Spirit AeroSystems, Inc.).
In 2005, it sold for more than 20 billion CAD and employs 138 000 people.
History
In the years 1980, he played a significant part in the sector of the parts of car.In 1996, it bought Celestica, the manufacturing division of IBM.
In 2004, it bought two divisions, in Kansas and in Oklahoma, of Boeing.
June 30th, 2006, for approximately 800 million CAD, it acquires Aon Warranty Group (AWG), a subsidiary company of Aon Corporation and an important prolonged guaranteed supplier of .
External bond
- Official site
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