Hymer receiver releases list of 900 creditors

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ONTARIO — The receiver appointed to oversee the restructuring of Erwin Hymer Group North America (EHGNA) released a list of creditors to whom the company owes money.

According to the financial disclosure statement, the total secured creditors — which includes Erwin Hymer Group SE — totals $15,133,001, and the total indebtedness to unsecured creditors is at least $258,476,280. The unsecured debt is expected to rise considerably when the remaining debt is added for about 100 companies currently listed as “to be determined.”

The list includes names of people and companies owed less than $50 up to companies that are owed millions of dollars.

The top creditors include (all amounts listed in Canadian dollars):

  • American Express = $666,609
  • Applied Wiring Assemblie = $651,071
  • ASH Electrical Solutions = $1,057, 803
  • Beaver Motors = $11,463,994
  • BLM Deck Division = $281,854
  • Bustard Chrysler Dodge = $5,988,986
  • Carefree of Colorado = $472,612
  • CF Maier Systems = $1,402,300
  • Challenger Motor Freight = $1,345,189
  • Chrima Metal Fabrication = $297,473
  • Contour Machine = $864,358
  • Cutrite Woodworking = $285,271
  • Desco Plumbing and Heating = $277,898
  • Dometic = $819,384
  • Eldorado Plywood = $3,546,027
  • Elwell = $236,358
  • Erwin Hymer Group SE = $181,317,881
  • Excellence Composites = $607,733
  • Fastenal = $1,988, 932
  • Heritage Truck Lines = $222,046
  • KS2 = $7,081,456
  • K-W Leather Products = $1,223, 564
  • Lippert Components = $251,794
  • Listowel Ford = $3,206,413
  • LR Automation = $403,162
  • Manchester Tank = $166,211
  • Mercedes Benz Canada = $2,132,762
  • Mercedes Benz State College = $3,659,257
  • Mobile Climate Control = $481,309
  • Molle Chevrolet = $1,428,395
  • Nations Starter and Alternator = $2,233,057
  • Norcold = $419,552
  • Nustone Transformations = $300,599
  • Olathe Ford = $4,941,266
  • Premier Material Concepts = $631,292
  • ProAir = $446,658
  • Protectolite Composities = $535,308
  • Qad = $551,312
  • Receiver General Canada Revenue Agency = $277,735
  • Showroom Transport = $176,167
  • Swift Components = $206,005
  • Thule = $214,197
  • Transatlantic Products = $904,751
  • Truma = $539,310
  • Watt Fuel Cell = $448,800
  • Wells Fargo Commercial = $336,008

The full list of creditors can be downloaded here.

 

 

Greg Gerber

Greg Gerber

A journalist who has covered the recreation vehicle industry since January 2000, Greg Gerber founded RV Daily Report on April Fool's Day in 2009. He also serves as the editor of the publication and website. As an Eagle Scout, he has enjoyed camping for decades and has visited every state except Hawaii. A DODO -- Dad of Daughters Only -- to three young women, he has two grandchildren as well. He currently splits his time between Wisconsin, Texas and Arizona. Greg can be reached at editor@rvdailyreport.com.

Leave a Comment

  • Al says:

    Anybody who thinks that Thor was just off somewhere minding their business when all this went down must not have noticed that on February 14, they agreed to subordinate their claims against EHGNA to Corner Flag’s–basically, they agreed that in the list of secured creditors, they would get paid AFTER Corner Flag (the Hymer family). That’s an awfully nice thing to do for a perfect stranger, and moreover, it’s likely an awfully unethical thing for a publicly traded company to do unless there’s something in it for them and their shareholders.

  • E.B says:

    Did anyone see on the credit list ERWIN HYMER GROUP SE is $181,317.881 to it self isnt that odd Jimmy boy, Howard what you know about Hymer screwing Hymer ????

  • Carl J says:

    Just the beginning of the RV industry pullback. Suppliers would be very well advised to immediately institute immediate cash payments upon delivery. No $$ + no unloading of supply trucks. Many on this creditor list are owed bug bucks and probably have to declare bankruptcy themselves. K-W Leather is just one example.

  • Violet says:

    Wow…a 50 k Christmas party at the expense of the vendor. Now that’s low.

  • Tom Barr says:

    Based on the press release in January of accounting irregularities and surprises, you would expect that more then 1/3 of the outstanding debt was owed to parties other than Hymer which is not the case. Was the bankruptcy planned by Hymer and Thor since Thor agreed to buy the company? Were payments to vendors delayed or not made in anticipation of the bankruptcy? Warranty repairs were not approved during the last three weeks of operation. If bankruptcy was planned by Hymer and Thor and Hymer NA was not paying their bills to vendors unfair, like insider trading? With so much of the debt owed to Hymers parent, this was no surprise.

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