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Top curlers in Ontario compete in Elmira - CTV News

·Jan 5, 2026

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Gumpert seeks sale after $3 million Elmira plant overrun triggers CCAA filing - Insolvency Insider Canada

S. Gumpert Co. of Canada Ltd., Gumpert RealCo Inc. and Gumpert Holding Inc. obtained CCAA protection on September 18, 2026, after a delayed and over-budget relocation of their manufacturing operations from Mississauga to Elmira, Ontario left the group without enough liquidity to continue operating in the ordinary course. The Ontario Superior Court of Justice initially granted a limited stay through September 22 while the companies, Farm Credit Canada and Royal Bank of Canada worked through a dispute over how the restructuring would be funded. Justice Dunphy described the dispute as a priority struggle between FCC, the fixed-asset lender, and RBC, the working-capital lender, with RBC concerned that new super-priority charges could consume its accounts receivable and inventory collateral. At the continued hearing on September 22, Justice Dunphy approved a broader Initial Order, including FCC-backed DIP financing, after finding that the evidence did not show the proposed priority charges would unduly burden RBC's security. The Court extended the stay through September 28 and appointed Ernst & Young as monitor.

Insolvency Insider Canada·