GLM Industries LP goes into receivership

Any hope that the Battleford operation of GLM Industries LP on 5th Avenue might reopen any time soon has disappeared. 

It’s been confirmed GLM has gone into receivership.

The News-Optimisthas accessed a copy of the court order from Alberta Court of Queen’s Bench, Edmonton, by Justice D.R. Thomas.

The application was filed by the Alberta Treasury Branches against CAM Holdings LP and CAM GP Inc., GLM Industries LP and GLM Industries Inc. The court order was granted July 3 and took effect July 6.

MNP Ltd. has been appointed interim receiver and receiver and manager of the company. Information about the receivership is posted at their website at mnpdebt.ca. 

But there are few other details available about what the future could hold for GLM, its assets or employees. 

With respect to the Battleford operation, the Regional Optimist has learned the plant was closed by the receivers July 10, and that everyone still on the payroll was immediately sent home as of that day, even though they were informed previously that they would be working until the end of this month.

There is also word that claims have been filed against GLM by employees for failure to give proper notice of job loss.  

Nisku-based GLM Industries LP manufactured steel-fabricated storage tanks for the oil patch. They have been in business since 1977 and their Battleford manufacturing plant has been in operation since 1980.

The company had been struggling, like others, from the economic woes in the oilpatch in 2015 due to the crash in oil prices.

Demand for their product line has plummeted, and the company has undergone extensive job losses this year.

In June, GLM announced the closure of their Battleford plant and had issued termination notices to over 60 employees who worked at the location. At the time, the affected employees were given eight weeks working notice to line up other employment.

In speaking to the Regional Optimistin June, the closure was described by general manager Dalton Wiens as a temporary one, but he admitted it would likely be a lengthy shutdown and reopening would depend on their customers.