REGINA — The receiver is looking for potential buyers of Leon Mfg. Co. Inc. in Yorkton, Sask.
The company, along with Ram Industries Inc., was placed in receivership June 11 after numerous financial difficulties were reported and the company missed payments to BMO. It owes BMO more than $16.6 million.
Ernst & Young on July 2 posted that it is accepting offers to purchase Leon’s physical assets, or proposals to liquidate the assets, until July 31.
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The assets include tools, equipment, rolling stock, office furnishings and real estate.
Buyers may purchase the entire block or individual items.
The real estate at 135 York Road is a 93,235 sq. foot facility on 12.79 acres. It also has a 1,700 sq. foot storage building and a 3,240 sq. foot Quonset.
Leon was in business for more than 70 years.
More to come.
Contact karen.briere@producer.com
