CRATE MARINES SALES DEADLINE FOR OFFERS IS MARCH 18

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An advertisement by A. Farber & Partners Inc., in the February 26 edition of the Georgina Advocate newspaper lists an invitation for offers on  Crate Marines Sales Ltd.

Established in the early 1930s, Crate Marines Sales Limited is certainly one of Canada’s largest marina operations. The notice in the newspaper states, “A. Farber & Partners Inc., in its capacity as court-appointed receiver of Crate Marine is offering for sale the right, title and interest of Crate Marine in its assets, undertakings and property under a sales process approved by order of the Ontario Superior Court of Justice. The purpose of this invitation for officers is to obtain offers that are superior to a baseline or “stalking horse” offer submitted to the receiver for substantially all the assets.

Crate Marine operated marinas on Lake Simcoe in Keswick, Willow Beach and Lagoon City, Ontario. Crate Marine was also a new and used boat dealer with sales offices in Keswick, Port credit and St.Paul-lie-Aux-Noix, Quebec.

The deadline for submission of offers is 5 PM Toronto time on Wednesday, March 18, 2015.

Information is available in the Insolvency Engagement section of www.farberfinancial.com. For additional information, please contact Peter Crawley at 416-496-3507 or by email at pcrawley@farberfinancial.com 

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