Innomalt Inc
- Proceeding
- NOIparagraphe 50.4 (1) de la Loi sur la faillite et l'insolvabilité
- File
- 400-11-007415-267
- Industry
- Manufacturing · Food & beverage manufacturing
Innomalt Inc filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on August 12, 2026, with Restructuration Deloitte Inc. acting as trustee under Superior Court of Québec file 400-11-007415-267. The trustee has published the certificate of filing of the notice of intention and a notice to creditors dated August 14, 2026.
Approved the sale of substantially all assets to 9578-0706 Québec inc., vesting on delivery of the Trustee's Certificate, and sealed the offer, purchase agreement and Schedules F and G.
Source: Approval and Vesting Order (Original French Version)
Trustee's second report set out the solicitation results — 60 parties approached, nine NDAs, four letters of intent and one binding offer — plus cash-flow actuals to October 17, 2026.
Source: Second Report of the Trustee to the Court (Original French Version)
Granted relief extending the stay of proceedings to October 26, 2026, giving Innomalt further time under the notice of intention.
Source: Order Extending the Time for Filing a Proposal (Original French Version)
Motion to Extend the Time for Filing a Proposal (Original French Version) — Application / notice of application
Commenced proceedings under subsection 50.4(1) of the Bankruptcy and Insolvency Act in Superior Court of Québec file 400-11-007415-267, with Deloitte Restructuring Inc. as trustee.
Source: Notice of intention to make a proposal (Original French Version)
Certificate of Filing of a Notice of Intention to Make a proposal (Original French Version) — NOI certificate of filing
Outcome brief
Innomalt: a director's company gets approval to buy the malt house
On October 26 a registrar approved the sale of Innomalt's Bécancour malt house to a company that, the trustee says, one of Innomalt's directors ultimately controls. The price is sealed; the trustee says the consideration beats the four letters of intent but should repay the secured lenders only in part, with no distribution to unsecured creditors.
Filing brief
Innomalt: the Bécancour malt house goes to market
Two years after its Bécancour plant came into service, the Québec maltster filed a notice of intention on August 12 with $62.4 million of liabilities against $57.4 million of assets at book value, and is selling the business with Deloitte as trustee: non-binding offers are due September 30, and its time to make a proposal now runs to October 26.
Debtor
Innomalt Inc
Proposal trustee
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Investissement Québec · in 105 casesAmount in millions of dollars per unaudited internal financial statements (book value, net carrying value). — debtor: Innomalt inc. · as of 31 Jul 2026 | $11 | First Report of the Trustee to the Court (Original French Version) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
52 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 1 proposed · 1 approved — Court approves the sale of substantially all of Innomalt's assets to 9578-0706 Québec inc. under the Purchase Agreement, with vesting to occur on delivery of the Trustee's CertificateApproval and Vesting Order (Original French Version) · 26 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| une société contrôlée par Préval AG inc.l'immeuble de la Débitrice ainsi que tous les actifs jugés nécessaires ou utiles par celui-ci afin de poursuivre les activités commerciales de la Débitrice · asset sale | Subscribers | Proposed | Second Report of the Trustee to the Court… |
| 9578-0706 Québec inc.all of the Seller's rights, title and interests in the Purchased Assets, including the Bécancour malting plant property, receivables, equipment, inventory, intellectual property, assigned contracts, permits, books and records and goodwill · asset sale | Sealed | Approved26 Oct 2026 | Approval and Vesting Order (Original French… |
As at ·
Cumulative receipts
$959K
As at 21 Oct 2026Second Report of the Trustee to the Court (Original French Version)
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Creditor List dated October 28, 2026
| PDF · Subscribers | |
Approval and Vesting Order (Original French Version)
| PDF · Subscribers | |
Cancellation Order (Original French Version)
| PDF · Subscribers | |
Motion for the Issuance of (i) an Approval and Vesting Order, (ii) an Order Extending the Time Limit under the Notice of Intention, and (iii) a Cancellation Order - 26 octobre 2026 (Original French Version)
| PDF · Subscribers | |
Second Report of the Trustee to the Court (Original French Version)
| PDF · Subscribers | |
Creditor List dated September 24, 2026
| PDF · Subscribers | |
First Report of the Trustee to the Court (Original French Version)
| PDF · Subscribers | |
Motion to Extend the Time for Filing a Proposal (Original French Version)
| PDF · Subscribers | |
Order Extending the Time for Filing a Proposal (Original French Version)
| PDF · Subscribers | |
Notice of intention to make a proposal (Original French Version)
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a proposal (Original French Version)
| PDF · Subscribers | |
Teaser
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Innomalt Inc” (NOI), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/innomalt-inc