Novatech acquires assets of Cover Industries

On August 31, 2015, Novatech Group Inc. acquired the assets of Cover Industries Inc., including manufacturing plants in Anjou, Saint-Apollinaire and Saint-Agapit, Québec.

Cover Industries manufactures and distributes insulating glass panels and tempered glass. Following a liquidity crisis earlier in the year, the company initiated proceedings under the Bankruptcy and Insolvency Act to sell its assets. On August 26, 2015, the Superior Court of Québec approved the sale of the company’s assets to Novatech Group Inc.

The firm advised Novatech with respect to this acquisition with a team that included Robert Dorion and Rafal Wrzesien (corporate/M&A), and Patrice Benoit and Geneviève Cloutier (insolvency).