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- JEC Distributors Inc. and Copperhead Industrial Inc., NOI
JEC Distributors Inc. and Copperhead Industrial Inc., NOI
JEC Distributors Inc. and Copperhead Industrial Inc., Windsor, Ontario-based companies, each filed an NOI on January 12.
JEC is engaged in the distribution of welding products, accessories, tools, and automation, serving major automotive manufacturers across North America, while Copperhead is engaged in the distribution of copperhead cutters and other materials.
The companies list over $6.0 million in liabilities, including $5.8 million to RBC.
JEC cites the slowdown during the COVID-19 pandemic, which led to the shutdown of several automotive plants in the US, the subsequent strikes in the automotive industry and supply chain issues as the reasons behind its financial difficulties, while Copperhead says decreased client orders, supply chain disruption in Europe and increasing interest costs led to its filing.
Goldhar & Associates is the proposal trustee.
Counsel is Spetter Zeitz Klaiman PC for the companies.
By: Dina Milivojevic