Canadian Plant-Based Milk Packaging Company Files for Creditor Protection

Hannah Alberga, The Canadian PressThe Canadian beverage packaging company that processed plant-based milk linked to a listeria outbreak has filed for creditor protection as it plans a restructure of the business. Documents from proposal trustees posted on their website Friday show Joriki Inc. filed a notice of intention with the Office of the Superintendent of Bankruptcy Canada in Toronto on Dec. 31.

Insolvent companies use this mechanism to avoid liquidation and get enough breathing room from creditors so they can keep their business afloat. The documents include a notice to creditors listing more than 100 companies that collectively have claims totalling more than $200 million.The Canadian Food Inspection Agency deemed a production line at Joriki’s facility in Pickering, Ont., used by plant-milk manufacturer Danone Canada, the source of a listeria outbreak that led to three deaths between August 2023 and July 2024. Proposal trustee Alvarez & Marsal Canada states in the letter to creditors that Joriki is not bankrupt but is hoping to “create a stabilized environment” and give the company “breathing room while it evaluates its strategic alternatives.”The listeria outbreak that infected at least 20 people in Ontario, Quebec, Nova Scotia and Alberta was not mentioned in the notice. Health Minister Mark Holland said at an October press conference that Joriki was not adhering to Health Canada’s policies on listeria prevention, including properly conducting environmental swabbing and finished-product testing, prior to the national recall of several Silk and Great Value plant-based milk products on July 8. Among the creditors listed are dozens of companies, ranging from packaging services to utilities providers to the Canada Revenue Agency. More than $174 million is owed to the Bank of Nova Scotia.A spokesperson for Danone Canada said production from the affected facility was moved elsewhere in its North American networ

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Canadian Plant-Based Milk Packaging Company Files for Creditor ProtectionJoriki Inc., a Canadian beverage packaging company linked to a listeria outbreak, seeks creditor protection to restructure its business. The company faces over $200 million in claims from over 100 creditors.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Plant-Based Milk Company Files for Creditor Protection Amid Listeria OutbreakJoriki Inc., a Canadian beverage packaging company linked to a listeria outbreak in plant-based milk, has filed for creditor protection. The company is seeking to restructure its business and hopes to create a stabilized environment while it evaluates its strategic alternatives. The outbreak, which led to three deaths, has not been mentioned in the company's filings.
출처: CTVNationalNews - 🏆 82. / 51 더 많은 것을 읽으십시오 »

Plant-Based Milk Company Files for Creditor Protection After Listeria OutbreakJoriki Inc., a Canadian beverage packaging company linked to a listeria outbreak, has filed for creditor protection as it plans a business restructure.
출처: GlobalCalgary - 🏆 50. / 61 더 많은 것을 읽으십시오 »