LogoInsolvency Insider Canada
TOPICS
TOPICS

Assets for sale

Commercial List Users' Committee

Court cases

Creditor notices

Events

Firm News

Insights

Interviews

Open Positions

Recent filings

FILING DATABASE
DOCUMENT LIBRARY
AWARDS
EVENTS
DIRECTORY
Search
SUBSCRIBE
paper-plane-tilt
LogoInsolvency Insider Canada
  • Home
  • Posts
  • Welland Forge Corp.

Welland Forge Corp.

Oct 26, 2020

Welland Forge Corp., a Welland, Ontario-based manufacturer of custom metal forgings, filed an NOI on October 27, listing approximately $11.3 million in liabilities. Welland Forge Corp.’s biggest customers have historically been in the automotive industry. Its customers are particularly vulnerable to the volatile nature of the oil and gas industry, and the pandemic has exacerbated that volatility. Earlier in the year, the company suffered the loss of its major customer, which accounted for approximately 65% of the company's sales, to an overseas supplier. Accordingly, the company has identified the need to wind down its operations. The company previously terminated its approximately 60 employees. BDO is the proposal trustee. Counsel is Miller Thomson for the proposal trustee and Madorin Snyder for the companies.

Canada’s insolvency news, in your inbox.

Join 15,000+ readers.

Keep Reading

View more
caret-right

UPCOMING EVENTS

Distressed Private Capital Conference - November 12, 2026

Distressed Private Capital Conference - November 12, 2026

Future Leaders Conference 2026

Future Leaders Conference 2026

Distressed Real Estate Conference - October 21, 2026

Distressed Real Estate Conference - October 21, 2026

LATEST STORIES

Frigid Rentals Inc. - Notice of Sale and Investment Solicitation Process

Frigid Rentals Inc. - Notice of Sale and Investment Solicitation Process

Receiver appointed over Westbank-linked Vancouver rental project

Receiver appointed over Westbank-linked Vancouver rental project

Sunshine Oilsands placed into receivership over mounting environmental liabilities

Sunshine Oilsands placed into receivership over mounting environmental liabilities

Vancouver commercial property placed into receivership over $14.3 million debt

Vancouver commercial property placed into receivership over $14.3 million debt

Insolvency Insider Canada

Insolvency Insider Canada

Essential Canadian insolvency news, trends and legal updates

EXPLORE

About Us / Contact

Advertise