Industries RAD Inc. (operating as Faucher Industries and Rocky Mountain) obtained an initial order under the Companies' Creditors Arrangement Act (CCAA) on December 19, 2024 due to significant financial losses and unfavorable market conditions post-pandemic. RAD, headquartered in Montréal and Québec City, operates two distinct businesses: Rocky Mountain, a bicycle designer and distributor, and Faucher Industries, a supplier of industrial transportation hardware. The company employs 110 people across divisions and has operations in British Columbia, the U.S., Germany, and the Netherlands.

Financial difficulties, including a downturn in the Rocky Mountain business, led RAD to exceed the limits under its asset-based lending (ABL) credit facility with senior secured lender Wells Fargo. The CCAA proceedings outline separate sale and investment solicitation processes (SISPs) for Rocky Mountain and Faucher Industries, backed by an interim financing facility from Wells Fargo. EY was appointed as the monitor.

Legal advisors include Lavery de Billy for RAD, Norton Rose Fulbright for Wells Fargo, Stikeman Elliott for the monitor, and Kugler Kandestin for Roynat.