55 million dollars is the amount of Triani’s total debt, according to the latest article from the Journal de Montréal .
“Two other joint mortgages with Triani were contracted at the same time, shows the report: $21,600,000 with Farm Credit Canada and $3,600,000 with Roynat. CIBC is also cited in the report, although an amount is not mentioned. Transbroue’s debts could therefore reach a minimum of $55 million. Triani paid $25 million 15 months ago for the purchase of Transbroue and the Glutengerg, Oshlag and Vox Populi breweries, our sources indicate. »
Ecosystem in danger
Including the 8 million owed to Quebec microbreweries, the Triani / Transbroue saga could lead to a monumental disaster for the microbrewery industry, which lives in the uncertainty of a very difficult market.
This not only weighs on microbreweries and beverage companies as a business, but it creates destructive shockwaves within the local ecosystem. The ramifications affect diverse stakeholders, from the local workforce to business partners and consumers, creating a worrying domino effect. The peril of bankruptcy goes beyond financial numbers. It is a profound threat that affects the very fabric of the local ecosystem.
The phenomenon of local suppliers being left with unpaid receivables creates a vicious cycle of instability within the local supply chain, threatening their financial stability.
Unfortunately, we will announce more sad news shortly. We are talking with the different protagonists and waiting for confirmation to respect the way they want to share the news.
- Where does the government fit into this saga?
- Why did the Caisse de dépôt et placement du Québec choose Triani rather than RJ Brasseurs in 2022 for the purchase of Glutenberg?
Lawsuits and non-payment
- More than 8 million due to microbreweries.
- As of August 2023, six ex-partners are claiming more than $635,000.
- The Brasserie Générale de Charlesbourg is claiming $154,225, impacting its development.
- Microbrasserie Alchimiste is suing Transbroue, Triani shareholder, and its directors. A claim for $1,194,940.22, alleging misappropriation of funds intended for the Alchemist.
- The Triani Saga continues with the dumping of contaminated water in Terrebonne.
- Triani / Transbroue: lawsuit for payment delay.
- Nicolas Duvernois, of Bock/Ale and Duvernois Esprits Créatifs, was not paid by Triani in the amount of more than $1 million for sales to the SAQ, according to the JDM article.
Consequences on the Quebec brewing industry:
- Financial challenges impacting microbreweries directly in the pursuit of their operations.
- A forced break for La brasserie Estuaire.
- BG Brasserie Urbaine announces the suspension of the sovereigns box in 2023.
- L’Espace Public is now distributed by DRB distribution.
The rumor mill
According to industry rumors heard during my travels, Triani/Transbroue may be for sale or close to bankruptcy. For now, these are just rumors, but the consequences could be very damaging to those looking to get paid to continue their business.
Who would want to buy a company in debt with a name that has been dragged through the mud?
Do you have questions, want to discuss the news or have information to share with us?
Contact me by email at [email protected] .