Synergy Stamping Inc. and 1696306 Ontario Inc.

Synergy Stamping Inc. (“Synergy”) and 1696306 Ontario Inc. (“169Co”) (collectively, the “Companies”) are related companies. The Companies each filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to the provisions of the Bankruptcy and Insolvency Act (“BIA”) on February 14, 2019 and Albert Gelman Inc. (“Proposal Trustee”) was appointed as Trustee of the Proposal.

Synergy is a fabricator, designer and manufacturer of metal components used in commercial and industrial lighting (e.g. louvers, slats and metal housings). Synergy operates from its leased premises located in Mississauga, Ontario. 169Co is a holdings company which owns manufacturing equipment and tools. Synergy uses 169Co.’s equipment to manufacture its products.

The Companies are not bankrupt, but has availed themselves of a procedure whereby an insolvent person restructures its financial affairs with creditor and Court approval. The NOI provides an automatic stay of proceedings against the Companies’ creditors providing the Companies with an opportunity to restructure their affairs and formulate a proposal to creditors. During this time, the Companies will remain in control of their assets and business operations.

Sales Process

The Proposal Trustee is undertaking a court-supervised sales process in respect of the assets of Synergy Stamping Inc. and 1696306 Ontario Inc.

All interested parties should contact Tom McElroy at 416-501-1650 ext. 117 or via email at tmcelroy@albertgelman.com.  Interested parties will have until 5:00 p.m. (Toronto time) on Tuesday, April 9, 2019, to submit a binding offer.  The following documents are posted below for interested parties:

  • Opportunity Teaser (which includes a brief description of the opportunity and assets for sale)
  • Confidentiality Agreement

Upon receipt of an executed Confidentiality Agreement and the Proposal Trustee’s approval of same, interested parties will be invited to join the Proposal Trustee’s virtual data room by email.

Please direct inquiries to:

Albert Gelman Inc., Proposal Trustee of Synergy Stamping Inc. and 1696306 Ontario Inc.
60 Shaftesbury Ave.
Toronto, Ontario  M4T 1A3
Attention: Tom McElroy
Tel. 416.504.1650 Ext 117
Email: tmcelroy@albertgelman.com