Laplante Welding of Cornwall

Laplante Welding of Cornwall, a Cornwall, Ontario-based construction company specializing in detailing, fabrication and erection of structural and miscellaneous steel buildings, filed an NOI on August 20, listing $8.5MM in liabilities, including $2.1MM to RBC. Design, supply and install was the core business model that allowed the company to grow as a structural steel contractor for over 35 years in the Cornwall, Ottawa and Kingston markets. The company also provides manufactured products to Toronto, Western Canada and Northeastern United States. Due to cost overruns on some specific installation contracts, the company ran into financial difficulties and now intends to restructure and refocus on fabrication, its core business. MNP is the proposal trustee. Counsel is MBC Law for the company and Soloway Wright for RBC.