On March 29, 2025, Shaw-Almex Industries Limited ("Shaw-Almex") filed a Notice of Intention to Make a Proposal ("NOI") pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act. FTI Consulting Canada Inc. ("FTI") was appointed as the Trustee in this matter.

On May 13, 2025, the Applicants sought and obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (the "Court") granting, among other things, a continuation of the NOI Proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c C-36, as amended (the "CCAA") and appointing FTI, as monitor in the Company's CCAA Proceedings (the "Monitor")

Contact FTI

FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

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