RHW Holdings Inc., Bankruptcy

RHW Holdings Inc., an Alberta-based division of U.S. company H-D Advanced Manufacturing, assigned itself into bankruptcy on November 20.

The company lists approximately $6.1 million in liabilities, the majority of which is owed to CRA due to a transfer pricing dispute related to its cross-border manufacturing of precision-engineered parts for the oil and gas industry. Other creditors include a U.S.-based creditor group led by DSI Consulting.

Grant Thornton is the bankruptcy trustee.

Counsel is Gowling WLG for the creditor group.