June 24, 2024

The Queens County Citizen

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Saint Laurent Distillery went bankrupt

Saint Laurent Distillery went bankrupt

Distillery du Saint Laurent in Rimouski filed for bankruptcy on Friday, a year after seeking refuge from creditors. The proposal presented by the company was rejected by the majority in the morning meeting.

“It causes automatic bankruptcy,” he said destiny Guillaume Amiot, Licensed Insolvency Trustee and Senior Director at Raymond Chabot. The latter was ordered to take care of the company's assets, thus replacing Lemieux Nolet, the company in charge of the file until now.

“Then, in cooperation with the creditors and according to the directions we can get, there could be a sale process in terms of liquidation of the assets,” Mr Amiot noted.

Established in 2015, the distillery is known for, among other things, its Saint Laurent gin, its Trois Grains whiskey with vegetal notes. It is just steps away from the historic site of Pointe-au-Pere on the water's edge.

Last March, Rimoski newspaper in the evening The company disclosed that it was carrying debts of 13.5 million dollars. That same month, the company placed itself under the protection of the Bankruptcy and Insolvency Act.

“Dear Sailors, See You Soon”

On its website, the distillery announced that it had closed its doors for good, saluting the “beloved sailors” who were part of the expedition. “The Saint Laurent staff would like to sincerely thank all the Saint Laurent spirit fans, visitors and our collaborators for believing in this crazy dream,” she said.

The establishment's products are available at branches of the Société des Alcohols du Québec while stocks last.

Joined by destiny, Investment Quebec, one of the company's lenders, emphasized that it “believes in the Saint Laurent Distillery project.” “As soon as we saw its financial situation weakening, we acted in the interests of the company and negotiated in good faith throughout the process, but the interests of the creditors were not all aligned to ensure the survival of the business. »

For her part, the minister responsible for Bas-Saint-Laurent and Gaspé-Îles-de-la-Madeleine, Maite Blanchet Vezina, said she had an idea for those closely affected by the bankruptcy. “It's never good news to know that a Quebec company established in an area that employs local people will have to close its doors. »

At the time of writing, calls from the distillery were not responded to destiny.

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