For further information contact:
The Bowra Group Inc. was appointed Receiver Manager (the “Receiver”) of Weldworld Corp. (“Weldworld”) on July 7, 2020 pursuant to a Court Order of the Court of Queen’s Bench of Alberta.
Weldworld is a private company incorporated under the laws of the Province of Alberta. They supply a wide range of welding equipment, industrial gases and safety supplies from various manufacturers. The Receiver will be running a going concern sales process and will post the Request for Proposals when prepared.
The Bowra Group Inc. in it’s capacity as the Receiver of the Company, is seeking offers to purchase going concern operation and/or assets of the Company consisting of:
Liquid and gas storage tanks;
Miscellaneous welding parts and mechanical tools;
Intellectual property (name, phone numbers, etc.); and,
Office furniture and equipment.
Qualified interested parties may access further detailed information upon request made to the Receiver and signing of a non-disclosure agreement (“NDA”). A copy of the NDA is below.
The deadline to submit offers is 4:00pm MT Wednesday August 26, 2020.
All inquires and interest parties please contact:
The Receiver in accordance with its powers under and pursuant to the Receivership Order, is applying to the Court for an Order approving the sale of the Company’s assets, among other matters. The Receiver’s Application is scheduled to be heard at the Edmonton Law Courts at 10:00am MST on October 2, 2020. Copies of the application materials can be found below.
On October 2, 2020, the Court of Queen’s Bench of Alberta granted an Order vesting title and approving the sale of the Company’s assets to Kocken Industries Corp.