| Business Summary | | Consolidated
Mercantile
Incorporated
carries
on
business
as
an
investment
management
holding
company
with
investments
in
operating
companies
and
subsidiaries
in
the
furniture,
specialty
covers,
packaging
and
real
estate
industries.
The
Company's
packaging
and
specialty
cover
division
consists
of
a
39.2%
interest
in
Polyair
Inter
Pack
Inc.,
which
in
turn
owns
100%
of
Cantar/Polyair
Corporation.
This
division
manufactures
packaging
and
specialty
cover
products
under
the
Cantar
and
Polyair
trade
names.
The
Company's
furniture
division
consists
primarily
of
a
50.5%
interest
in
Distinctive
Designs
Furniture
Inc.
The
Furniture
Division
focuses
on
the
manufacture
and
sale
of
leather
and
fabric
upholstered
furniture
for
sale
to
major
Canadian
department
stores,
mass
merchants
and
independent
furniture
stores
as
well
as
a
growing
number
of
customers
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Consolidated
Mercantile
is
an
investment
management
holding
company
with
investments
in
operating
companies
and
subsidiaries
in
the
furniture,
specialty
covers,
packaging
and
real
estate
industries.
For
the
six
months
ended
6/30/01,
sales
increased
14%
to
C$104
million.
Net
loss
applicable
to
Common
totalled
C$202
thousand,
vs.
an
income
of
C$584
thousand.
Results
reflect
growth
in
the
packaging
and
specialty
cover
segment
sales,
offset
by
higher
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Fred Litwin | Pres | Daniel Tamkin | VP | Stan Abramowitz | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|