CCAA restructuring transaction closes successfully as Darwynn continues operations under the same name, management team and fulfillment network
TORONTO, Ontario – September 10, 2026 – Darwynn Ltd. (“Darwynn” or the “Company”), a Canadian fulfillment technology and logistics company, today confirmed the successful closing of the court-approved transaction involving the sale of its business and assets to 2379338 Ontario Inc., a company owned by Darwynn co-founder and shareholder Guoyin (Wynn) Xie.
The transaction marks the completion of the Company’s restructuring process under the Companies’ Creditors Arrangement Act (“CCAA”) and provides Darwynn with a stable foundation for its next phase of growth.
The transaction was approved by the Ontario Superior Court of Justice (Commercial List) on August 6, 2026, following a Court-approved sale and investment solicitation process conducted by Ernst & Young Inc., in its capacity as Court-appointed Monitor. The transaction closed on August 18, 2026.
Throughout the process, Darwynn continued operating without interruption.
The Company’s fulfillment centres remained open, customer orders continued to be received, stored, picked, packed and shipped, and Darwynn’s technology platforms, integrations and customer service operations remained active.
Darwynn continues to operate under the Darwynn name and existing management team, with fulfillment operations across Ontario, British Columbia, Alberta and Quebec. Customer accounts, systems, integrations and existing service arrangements continue as normal.
Business continuity remained the priority
Maintaining continuity for customers was the Company’s primary operational objective throughout the restructuring process.
Despite the circumstances surrounding the proceedings, Darwynn continued serving its customers across ecommerce, retail, marketplace and wholesale channels while maintaining normal warehouse and fulfillment operations.
Reza Bafandeh, Chief Executive Officer of Darwynn, said:
“The one thing I asked of our team throughout this process was to keep the business running and protect the customer experience. They delivered on that commitment.”
“We continued receiving inventory, processing orders and shipping for our customers without any significant disruption. That required an extraordinary amount of focus from our team, and I am incredibly proud of what they accomplished.”
“Our customers stayed with us and our partners continued to support us through the process. We do not take that confidence for granted. The transaction is now complete, the uncertainty is behind us, and our focus is entirely on operating well, growing the business and continuing to earn that trust.”
“Since the transaction closed, we have already seen a significant increase in new customer onboarding. For us, that is one of the clearest signs that completing this process has provided the certainty the market was waiting for.”
A stable foundation for Darwynn’s next chapter
The acquisition by 2379338 Ontario Inc. maintains continuity with Darwynn’s founding ownership while allowing the business to move forward from the restructuring process with renewed stability.
Guoyin (Wynn) Xie, co-founder of Darwynn, said:
“I helped start Darwynn because I believed in what the company could become. Completing this transaction was about ensuring that the business, its employees and its customers had a stable path forward.”
“I have confidence in the management team and in the business they are building, and I intend to continue supporting Darwynn as it moves into its next phase.”
With the transaction now complete, Darwynn is focused on strengthening its fulfillment network, expanding customer relationships and continuing to invest in the technology and operational capabilities supporting ecommerce, retail and omnichannel brands.
Darwynn continues operating across Canada
Darwynn continues to provide fulfillment services through its network across Ontario, British Columbia, Alberta and Quebec, alongside U.S. fulfillment capabilities through its partner network.
The Company supports brands across direct-to-consumer, retail, wholesale and marketplace channels, including businesses requiring multi-warehouse inventory management, retail compliance, EDI, Amazon fulfillment and cross-border logistics.
There are no changes to how existing customers access Darwynn’s services, systems or fulfillment operations as a result of the transaction.
About Darwynn
Darwynn is a Canadian fulfillment technology and third-party logistics company serving direct-to-consumer, retail, wholesale and marketplace brands.
The Company operates fulfillment centres across Ontario, British Columbia, Alberta and Quebec, together with fulfillment capabilities in the United States, and provides warehousing, inventory management, order fulfillment, value-added services, returns processing, parcel and freight transportation, Amazon FBA preparation, EDI and retail compliance services.
Darwynn completed a court-approved transaction in August 2026 and continues to operate under the Darwynn name and management team.
Learn more at darwynnfulfillment.com.
