A Saskatchewan Court of Queen’s Bench judge has approved the sale of seeding equipment manufacturer Morris Industries to the parent company of Rite Way Manufacturing. Morris has been in creditor protection since January 2020. Financial terms of the deal are not included in publicly-available court documents, but Superior Farms Solutions Ltd — which operates Rite… Read More
Tag: Rite Way
Seeding equipment-maker Morris Industries will likely be owned by another Saskatchewan-based manufacturer by the end of the month. Rite Way Mfg. is poised to acquire Morris, based on court documents and an announcement published by Morris’ national distributor in Australia. Morris has been in creditor protection since early January. As we reported in May, Superior… Read More
Update: On May 29, 2020, the Saskatchewan Court of Queen’s Bench extended the stay of proceedings against Morris Industries until July 3, 2020. Saskatchewan-based seeding equipment manufacturer Morris Industries, which has been in creditor protection since early January, has received a purchase offer from another Saskatchewan-based manufacturer. Superior Farm Solutions Limited, which operates the Rite… Read More