MAAX Corporation (“MAAX Corp.”) and certain of its Canadian subsidiaries and affiliates as listed below (the “Petitioners”) were subject to an application to the Quebec Superior Court (the “Quebec Court”) pursuant to the Companies’ Creditors Arrangement Act (“CCAA”).
The Quebec Court made an order (the “Initial Order”) on June 12, 2008 granting the Petitioners protection from their creditors while the companies pursue the transaction contemplated by an Asset Purchase Agreement which would see Brookfield Bridge Lending Fund Inc. acquire all or substantially all of the assets of MAAX Corp. and its affiliates.
The Quebec Court made a further order on July 10, 2008 to add the affiliates of the Petitioners incorporated in the United States (the "Additional Petitioners," as listed below) to the CCAA proceedings.
The Initial Order appointed Alvarez & Marsal Canada ULC (the “Monitor”) as Monitor of the property, business and financial affairs of the Petitioners in the CCAA proceedings.
| List of Petitioners | List of Additional Petitioners |
| MAAX Corporation | Maax KSD LLC |
| MAAX Canada Inc. | Aker Plastics Company Inc. |
| MAAX Spas (Ontario) Inc. | Maax Spas (Arizona), Inc. |
| 4200217 Canada Inc. | Maax-Hydro Swirl Manufacturing Corp. |
| MAAX Cabinets Inc. | Maax Midwest, Inc. |
| Pearl Baths LLC |