3-D Imaging Company to Buy Masterfile for $21.5 Million

August 22, 2011

By David Walker

 Arius3D, a 15-employee 3-D imaging company in Ontario, has announced plans to buy Toronto-based Masterfile for CDN$21,379,580 (USD$21,581,800). The closing, scheduled for October 31, depends upon Arius3D’s ability to raise the financing necessary to complete the sale. “I’m 60 years old. I can’t do this forever,” says Masterfile CEO and largest shareholder Steve Pigeon of his decision to sell the...

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