The more you read about this John Simmonds character, the more interesting this deal is shaping up. A.C. Simmonds and Sons is public as well OTC:ACSX (trading at $10.25).
Interesting story on him http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/success-stories/club-link-founder-success-stories/article19658942/
Seems he likes to vertically integrate, so Cardiogenics/ Plasticap combo is what he typically likes.