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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