Canadian Crab Packers Associates Ltd. et al., Receivership

Canadian Crab Packers Associates Ltd. et al. (collectively, “Canapack”), which operated seafood processing facilities with assets located in Miscou Harbour, Sainte-Cecile and Caraquet, New Brunswick, were placed in private receivership pursuant to security documents held by Pillar Capital Inc., Canapack’s senior secured lender. Grant Thornton, the private Receiver, is conducting a sales process for, among other things, Canapack’s real property and equipment and an assignment of leases.

By: Dina Milivojevic