Mayrand Food Group continues NOI proceedings under CCAA, Court approves sale process

On November 26, 2025, the Superior Court of Québec issued an order converting the notice of intention proceedings under the Bankruptcy and Insolvency Act of Groupe Mayrand Alimentation Inc. under the Companies’ Creditors Arrangement Act. The Court appointed Raymond Chabot Inc. as monitor and approved a court supervised process to solicit investment and sale proposals for the business and its assets.

Mayrand is a Québec-based food distribution and warehouse retail business founded in 1914. It operates four locations in Anjou, Brossard, Laval, and Saint Jérôme, employs approximately 270 people, and serves a mixed customer base composed primarily of consumers, with approximately 10% of sales to commercial customers such as restaurants and caterers. The company previously operated alongside its sister company Alimplus Inc., which focused on food distribution to institutional and restaurant clients.

In June 2025, substantially all of Alimplus’ operating assets, including its subsidiary Tout Prêt Inc., were sold to Groupe Colabor Inc. pursuant to a court supervised transaction. Following that sale, Mayrand continued as a standalone retail and wholesale food business, while Alimplus’ remaining activities were limited to a transitional services agreement.

According to the proposed monitor’s report, the financial distress stems from a combination of aggressive pre pandemic expansion, acquisition related leverage, and prolonged post COVID operating pressure. While the broader Mayrand Alimplus group generated strong EBITDA in 2019 and 2020, profitability deteriorated sharply during the pandemic and did not recover to pre expansion levels.

Between fiscal years 2022 and 2024, operating losses persisted, liquidity tightened, and shareholder support totaling $17.5 million was required to sustain operations. At the time of the Alimplus asset sale, Mayrand remained burdened with secured debt of approximately $16.2 million, consisting of approximately $6.5 million owed to Daniel Le Rossignol, who acquired Desjardins’ residual secured position, and approximately $9.7 million owed to Investissement Québec. The company was unable to secure replacement operating financing and faced significant supplier arrears.

The Court accepted the debtor’s evidence that continuation under the BIA NOI framework would not allow sufficient time to complete a comprehensive sale or investment process, particularly given a projected transaction closing date extending into April 2026. The transition order terminated the NOI proceedings, applied the CCAA to Mayrand, and continued the stay of proceedings through February 13, 2026, subject to further extension. A sale process was also approved.

Raymond Chabot is the monitor. Counsel is Fasken for the monitor, Kaufman for Les Placements Super Sélect Inc., and Stikeman Elliott for Colabor.