Documents from proposal trustees posted on their website Friday show Joriki Inc. filed a notice of intention with the Office of the Superintendent of Bankruptcy Canada in Toronto on Dec. 31.
Insolvent companies use this mechanism to avoid liquidation and get enough breathing room from creditors so they can keep their business afloat.
The documents include a notice to creditors listing more than 100 companies that collectively have claims totalling more than $200 million.
Joriki has three facilities in Canada and one in the U.S., which is owned by a subsidiary.