Hefler Forest Products was found by Erastus Hefler in 1866. …The company was taken out of the control of the Hefler family in 2017, when new ownership took over following a Companies’ Creditors Arrangement Act proceeding. …As a result of that proceeding, the business was acquired in March 2017 by Hawthorne Capital Inc., based in Bedford, and Katalyst Wind Inc. of Dartmouth, which formed a holding company, RiverRoad Holdings Inc., which they owned on a 50-50 basis to operate the lumber mill and biomass plant. …Hefler went bankrupt in January and Deloitte Restructuring Inc. was appointed trustee. The first conference call meeting of creditors was Tuesday, but the future status of the company is not known. The knowledgeable people in charge of the file at Deloitte did not respond to numerous requests for information. …Hefler has about $6 million in assets and owes about $12 million. Deloitte said the cumulative indebtedness owing to CIBC is about $6.6 million. [We respect the copyrights of the source publication – full access may require a subscription]