Search by
On January 15, 2026, Duchesne et Fils, a building materials manufacturer established in 1927 and based in Québec, has secured initial protection under the Companies' Creditors Arrangement Act following financial difficulties that undermined its operations. The company experienced tariff-driven margin pressure, declining sales, and supplier constraints that eroded liquidity following a strong post-pandemic rebound. The Court approved interim financing from the Business Development Bank of Canada and Royal Bank of Canada to support the restructuring process. The CCAA protection aims to preserve the business as a going concern while exploring strategic alternatives through a sale and investment solicitation process. The restructuring effort is focused on protecting 144 employees at the company's manufacturing facility in Yamachiche, Québec, while testing recapitalization and sale options. Ernst & Young has been appointed as the monitor to oversee the proceedings.
Legal representation includes Fasken representing Duchesne et Fils, Norton Rose Fulbright acting for the monitor, McCarthy Tétrault advising the Business Development Bank of Canada, and Davies representing Royal Bank of Canada. The sale and investment solicitation process will determine whether the nearly century-old manufacturer can secure new investment or find a strategic buyer to ensure its continued operations and preserve employment in the region.
Parties
Company
Duchesne et Fils Ltée
Company
Ernst & Young Inc.
Government
Business Development Bank of Canada
Bank
Royal Bank of Canada
Deal Type
OtherIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date