1001281812 Ontario Inc., operating as TNP Panel Company, and related companies TRS Components Ltd., Plant 22 Ltd. and 976711 Ontario Inc., operating as Terra Nova Truss (collectively, the “TRS Companies”), were placed into receivership on July 31, 2026. Celina Capital Corporation brought the receivership application in respect of TNP, while Bank of Montreal brought the receivership application in respect of the TRS Companies. The Court also approved an immediate sale of substantially all of TNP’s assets to secured lenders Celina Capital Corp. and Fox Investments Inc. through a $4.065 million credit bid, plus assumed liabilities, and a sale process for the TRS Companies anchored by a $19.2 million stalking horse offer from Terra…
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