A & D Prévost inc. and ADP Façades inc., NOI

A & D Prévost inc. and ADP Façades inc., Québec-based window and door companies, filed an NOI on May 17.

Prévost has approximately 223 employees, 116 of whom work in its factory in Richelieu.

Prévost lists approximately $31.7 million in liabilities, while Façades lists approximately $21.6 million in liabilities, with both owing approximately $15 million to Fiera.

The companies cite issues caused by the pandemic, including problems experienced during the start-up of the St. Hyachinthe plant; supply problems with raw materials, particularly glass, causing delivery delays and contractual penalties; and a significant and sudden increase in the cost of aluminum used in fixed-price contracts as contributing to their financial difficulties.

Deloitte is the proposal trustee. FAAN is the CRO.

Counsel is Miller Thomson for the companies, Norton Rose Fulbright for the proposal trustee, Fasken for Fiera, Kaufman Avocats for TD Bank, Gowling WLG for IQ, McCarthy Tétrault for Metra Aluminium and BMA Avocats for Brosseau Verre Concept.