Celestica

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from... the Mississaugas of the New Credit. The settlement was later established as the Town of York and proclaimed as the new capital of Upper Canada by its lieutenant-governor, John Graves Simcoe. In 1834, York was incorporated as a city and renamed to its present name. The city was ransacked in the Battle of York during the War of 1812 and damaged in two great fires in 1849 and in 1904. Since its incorporation, Toronto has repeatedly expanded its borders through amalgamation with surrounding municipalities, most recently in 1998. With over 2.6 million residents, it is the fifth most populous city in North America. Its metropolitan area has over 5.5 million residents.
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Onex Corporation is a Toronto based private equity investment firm and holding company. Today it is a publicly traded company but founder Gerry Schwartz holds 67.6% of the voting control and continues to serve as Chairman and CEO. Founded in 1983, Onex is headquartered on the 49th floor of Brookfield Place in Toronto, with a branch office in New York City. The firm invests in a wide array of industries. It has shown a particular interest in... buying the high-cost manufacturing portion of companies and turning these into low cost suppliers. In the 1980s it played this role in the auto parts industry. In 1996 it bought IBM's manufacturing division Celestica. Although the firm has majority control over most of its subsidiaries, rarely does it have whole ownership. Onex is involved in the American health care industry, owning a number of firms there. They are also in the movie theatre business, both in Canada with Cineplex Entertainment, as well as in Mexico with Cinemex, this latter one in partnership with U.S. based The Carlyle Group.
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