On May 26, 2025, Sinobec Group Inc., a Montréal-based niche aluminum supplier, was granted protection under the Companies’ Creditors Arrangement Act (CCAA). With 76 employees, 16 distribution centres and warehouses, and offices across five countries, Sinobec serves over 600 customers in industries including aerospace, transportation, and construction. The company experienced rapid market growth, but internal administrative functions struggled to scale accordingly. Compounded by external pressures—such as high interest rates, geopolitical instability, global tariffs, softened customer demand, and a weakened aluminum market—Sinobec’s profitability declined, leading to an inability to meet financial obligations without new funding. A refinancing attempt initiated in June 2024 failed to close amid ongoing economic headwinds. The CCAA process will facilitate a Sale and Investment Solicitation Process (SISP), supported by a DIP loan from a lender syndicate led by BMO as administrative agent. Recognition proceedings are also being sought in the United States. PricewaterhouseCoopers (PwC) has been appointed as monitor.

Legal counsel includes Osler, Hoskin & Harcourt LLP for Sinobec Group and Stikeman Elliott LLP for the monitor. No transaction value has been disclosed.