MACHINERY manufacturer Morris Industries Ltd has announced it has obtained an order for protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada in order to restructure its business and financial affairs.
Morris Industries is restructuring including being granted creditor protection. Picture Ben White.
The Morris Group also announced that the Bank of Montreal has agreed to provide interim financing.
Tougher measures have been introduced against extreme activists.
Morris Industries secures new owner
