User:Johnmaxill

maxill inc.
History of maxill Inc.

maxill inc. is a consumer products company that was started and still maintains its head office in St. Thomas, Ontario, Canada. The founding year of the company was 1987. The company founder is John Shaw, also of the St. Thomas area.

maxill is primarily a “dental products company” as all of its products revolve around and are centered upon dentists and dental professionals. The company has several core product categories that have allowed it to grow simultaneously in multiple directions within its main area of operations which are dentistry related. A diverse product line allows the company to market many of these similar dentist centered products throughout other distribution channels such as medical, hospital, military, police, EMS, veterinary and several others.

What does the word “maxill” mean?

The word “maxill” comes from common dental terms such as; maxillary or maxilla. A “maxillofacial surgeon” is probably the most commonly used and related dental word that in some way ties the name of the company to the field of dentistry.

Initial Ownership Structure and Subsequent Financing of maxill

maxill has historically relied upon debt financing as the preferred financing vehicle to grow the business.

The first financiers of the company were the founder himself along with Larry Shaw, Morris Shaw and Dennie Shaw. All relatives of the founder.

The family members were gradually replaced by monies received from “going public” as well as by many dentists from the London area debt financing the next stage of maxill growth.

maxill during it “public years” from 1992 until 2011 was technically an “Amalgamated Company” under the laws of Ontario. On September 30th 1992, Ekersval Resources Ltd. ( former exploration company shell ) was amalgamated along with 2 other Ontario companies to form the maxill inc. company structure from 1992 until 2011 when the company was taken private. James Cassina was instrumental in putting together the company deal to take maxill public.

Ekersval Resources Ltd. 		Ontario Company # 760669    	Public Company maxill inc.                      		Ontario Company # 897918     	Private Company 998209 Ontario Inc.      		Ontario Company # 998209     	Private Company

The London area dentists through the mid 1990’s were eventually replaced by the Augusto Klimmek family trust and by a private venture capitalist named Eric Sure chipped in a large cash amount in 2000 when a building renovation went way over budget and the company was required to invest heavily in capital equipment for the new facility.

In 2006, another major injection of funds and long term financing agreement was finalized with private equity firm SMIC. This was a multifaceted agreement that contained debt, convertible debt and some elements of equity.

The company was taken private in 2011 due to the astronomically high cost of remaining a “reporting issuer”, no following from stock analysts and an illiquid market for maxill securities.

In 2011, the company ownership is split in varying degrees between John Shaw, Eric Sure and SMIC. All other company shareholders were paid out in April of 2011.

maxill Locations

In Canada, maxill operates it’s head office in St. Thomas Ontario plus a warehouse and distribution operation in Edmonton Alberta that serves Saskatchewan, Alberta, British Columbia, Yukon and North West Territories.

Overseas, maxill has a sales and warehouse operation in Hong Kong plus an interest in an factory in Yangzhou China for the production of toothbrushes, dental floss and other injected moulded products.

maxill Product Lines

maxill centers its product development, sales and marketing efforts towards articles that are in one way or another related to dentistry.

There are four core product categories.

Oral Care Hygiene Infection Control Prevention Disposables