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Rimouski: Saint Laurent Distillery officially declares bankruptcy

Rimouski: Saint Laurent Distillery officially declares bankruptcy

Distillerie du St. Laurent, a popular venue in the Bas-Saint-Laurent area, is closing its doors permanently as of Friday. His creditors rejected the latest proposal in the morning.

• Read also: Bankruptcy Law Protection: Distillerie du St. Laurent to SAQ for his problems

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The company had filed for bankruptcy protection. It had $13.5 million in debt.

The final vote was postponed several times, and it was Friday morning that everything was decided.

20 creditors exercised their voting rights. Those who wanted to accept the proposal did not have enough cash value raised to get them out of bankruptcy.

Investissement Québec and Canadian Agriculture Financial Assistance are two companies that have specifically rejected this proposal. The distillery owes each of them $4 million.

Their operations will cease on Friday. Everything will be seized by the trustee.

“It is sad to see the closure of such an important business for Rimouski and the Bas-Saint-Laurent region,” Maite Blanchette-Vezina, MP for Rimouski, told LCN. I know they've tried many things, many solutions.

“It would have been nice if they had more support to make it so successful because I think it's a great project,” says a young woman from the area.

As for the building, businessman Marcel Charest, to whom the distillery owes $4 million, has confirmed that he wants to acquire the building.

– With information from Katia Laflamme