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Morris Group granted creditor protection

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.

Mark Saunders
Morris Industries is restructuring including being granted creditor protection. Picture Ben White.

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. The financing will provide the business with sufficient financing and liquidity to facilitate the CCAA...

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