Joriki owes $203-million to more than 200 creditors, according to the trustee. That includes $174-million to the Bank of Nova Scotia, $16.1-million to Roynat Capital Inc., $206,000 to Danone North America, and $775,000 in unpaid wages and benefits.
Joriki has four North American facilities - three in Canada and one in the U.S.
“Please be advised that the company is not bankrupt and has availed itself of a procedure whereby a company, with creditor and court approval, restructures its financial affairs,” said a letter sent to creditors Friday by trustee Alvarez and Marsal Canada Inc.
Joriki was contracted by Danone Canada to produce plant-based milks at the Pickering facility.
Several varieties of almond, coconut and other plant milks under the Silk and Great Value brands were recalled on July 8 after public-health officials linked listeria cases to a production line at the site.
Danone Canada has moved all production to other suppliers.
“We do not anticipate any disruption in supply in the short term and will work closely with our partners to ensure Canadians can continue to enjoy Silk refrigerated beverages,” Danone Canada spokesperson Jennifer Vincent said.
