Gumpert Files for CCAA Protection Amid Elmira Facility Overrun

Canadian manufacturer S. Gumpert Co. of Canada Ltd., along with its subsidiaries Gumpert RealCo Inc. and Gumpert Holding Inc., has filed for CCAA protection in Ontario Superior Court of Justice due to a delayed and over-budget relocation of their manufacturing operations from Mississauga to Elmira, Ontario.

The $3 million overrun on the Elmira facility's build-out, originally budgeted at approximately $4.8 million, pushed the move into July 2026 from its planned December 2025 date. Contractor delays, inflation, higher steel tariffs and energy costs contributed to the delay and increased costs.

The company owes Farm Credit Canada approximately $12.9 million in secured principal debt and Royal Bank of Canada approximately $4.9 million, plus accrued interest and fees, while Gumpert has approximately $6.4 million of unsecured debt, including approximately $1.6 million owed to contractors that worked on the Elmira facility.

The Applicants are now seeking approval of a two-phase SISP covering some or all of their business and assets, with potential outcomes including a going-concern recapitalization or investment, a sale of all or part of the business and assets, or a combination of those transactions. Ernst & Young is the monitor and PricewaterhouseCoopers is financial adviser to the Applicants.