Amscan Canada Inc.

Amscan Canada Inc. (“Amscan Canada” or the “Company”) is a provincially (Ontario) incorporated private company, which operated within a wider group of companies that carried on business designing,  distributing and selling party goods under the banner Party City (the “PC Group”). Amscan Canada was previously named Party City Canada Inc. (“PCCI”). As PCCI, it operated numerous brick and mortar retail locations in Canada for the sale of consumer party and celebration goods under the Party City brand.

In August 2019, the PC Group sold its Canadian retail business to Canadian Tire Corporation (“CTC”) as part of a larger streamlining initiative. The transaction was effected through an agreement of purchase and sale dated August 8, 2019, under which PCCI sold substantially all of the Party City Canadian retail business’s assets to CTS and divested all of its retail store locations. At the same time, PCCI changed its name to Amscan Canada. Since August 2019, Amscan Canada has operated in Canada as a wholesale distributor.

In December 2024, certain PC Group companies, not including Amscan Canada, commenced voluntary insolvency proceedings in the United States of America under Chapter 11, Title 11 of the United States Code (the “Chapter 11 Proceedings”). The PC Group companies that are subject to the Chapter 11 Proceedings are in the process of having their assets liquidated and are being wound up.

On application by the Company to the Ontario Superior Court of Justice (Commercial List) (the “Court”) pursuant to sections 207, 209 and 210 of the Business Corporations Act, R.S.O. 1990, c. B-16, as amended, on March 10, 2025, the Court granted an order, among other things, authorizing that Amscan Canada be wound up and appointing Albert Gelman Inc. (the “Liquidator”), as liquidator, without security, for the purpose of winding up Amscan Canada. Also on March 10, 2025, the Court granted an order setting out a claims process and claims bar date in connection with the wind-up proceedings of the Company.

Please direct inquiries to the Liquidator’s office as follows:

Albert Gelman Inc., Court-Appointed Liquidator
250 Ferrand Dr.
Toronto, Ontario M3C 3G8
Attention: Adam Zeldin
Tel. 416.504.1650 Ext 129
Fax. 416-504-1655
Email: azeldin@albertgelman.com