In the last few months, Leon’s Manufacturing has been the subject of multiple complaints about its sales and delivery (or lack thereof) practices. Now the manufacturer has entered receivership.
Ernst & Young has been named the appointed receiver for the case, according to a June 11 court order. The document names both Leon’s Manufacturing and Ram Industries Inc. as debtors.
According to the Notice and Statement of Receiver, the two companies owe BMO approximately $16,604,619 as of June 4, 2024.
On July 2, Ernst & Young released an “Invitation for Offers to Purchase Assets or Liquidation Proposals” for Canadian equipment manufacturer Leon's Manufacturing & Ram Industries. The items up for sale range from a 92,235 square foot facility to welding equipment and other machinery. The full list can be found here.
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