Morris Group granted financial protection from creditors

 

Morris industries has been granted financial protection from its creditors by a Saskatoon judge.

According to court documents, the company applied for protection under the Companies’ Creditors Arrangement Act while it undertakes a restructuring plan.

According to the application, Morris is seeking 3 million dollars for its restructuring plan and hopes to weather the present difficulties and emerge as a viable company.

Slumping sales due to trade wars and poor weather are among the factors cited for the request for financial protection while the company restructures.

Morris has a head office in Saskatoon with plants in Yorkton and Minnedosa, Manitoba.
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