This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On July 4, 2012, on the application of Farm Credit Canada (“FCC”), an Order was granted by the Ontario Superior Court of Justice (Commercial List) (the “Court”), pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C-43, as amended, that appointed PricewaterhouseCoopers Inc. as receiver (the "Receiver") of all of the assets, undertakings and properties (the “Property”) of 1291675 Ontario Corporation (“1291675” or the “Company”).
1291675 is a related party to Holly Parks Meat Packers Inc.
In accordance with the provisions of the BIA, a Notice and Statement of the Receiver was mailed to all known creditors of the Company on July 12, 2012.
On January 29, 2013, the Court approved an Approval and Vesting Order as requested in the motion heard on January 29, 2013.
On January 15, 2013, the Receiver filed its Second Report to provide information to the Court with respect to:
and to seek an order from the Court:
PricewaterhouseCoopers Inc. (“PwC”), in its capacity as court appointed Receiver of:
1291675 Ontario Corporation (“Holly Park Cookstown”)
is seeking interested parties to acquire a 28,665 sq. ft. food processing plant located in Cookstown, Ontario. With 15 refrigerated and freezer zones, the plant has been designed to offer processing flexibility and scalability. Supplying to wholesalers, foodservice and independent grocery retailers, the plant has also produced for the Kosher, Halal and Organic markets. Significant investment has been made in plant upgrades to meet the rigorous standards for CFIA and USDA approval.
To obtain detailed information on Holly Park Cookstown’s food processing plant, interested parties will be required to sign a confidentiality agreement. For additional information concerning the sale process, please contact Rozanne Kibel of the Receiver at (416) 814-5849. Binding offers are due August 14, 2012.
This Web site will be updated as information becomes available.
For more information, please contact: Sara de Verneuil, Telephone: +1 416 941 8383 ext. 14374, Fax: +1 416 814 3219, or via Email.