Leon Mfg. Co. & Ram Industries Enter Receivership

Jul 11, 2024

In the last few months, Leon’s Manufacturing has been the subject of multiple complaints about its sales and delivery (or lack thereof) practices. Now the manufacturer has entered receivership.

Ernst & Young has been named the appointed receiver for the case, according to a June 11 court order. The document names both Leon’s Manufacturing and Ram Industries Inc. as debtors.

According to the Notice and Statement of Receiver, the two companies owe BMO approximately $16,604,619 as of June 4, 2024.

On July 2, Ernst & Young released an “Invitation for Offers to Purchase Assets or Liquidation Proposals” for Canadian equipment manufacturer Leon's Manufacturing & Ram Industries. The items up for sale range from a 92,235 square foot facility to welding equipment and other machinery. The full list can be found here.

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