Country Fresh Takes Additional Steps to Reorganize in Advance of Proposed Sale
02/17/2021 | 06:38pm EDT
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Country Fresh” or the “
Company”) announced today that its Canadian subsidiaries, Sun Rich Fresh Foods Inc., Tiffany Gate Foods Inc. and TGF Acquisition Parent Ltd. have filed for protection under the
Companies’ Creditors Arrangement Act (Canada) (“
CCAA”) pursuant to an Order (the “
Initial Order”) of the Ontario Superior Court of Justice (Commercial List) (the “
Canadian Court”).
The CCAA filing follows an earlier filing by the Company’s U.S. affiliates under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The U.S. and Canadian proceedings will operate as parallel main proceedings, with the common goal of facilitating a Court-supervised solicitation and sales process in respect of the assets of the Company (the “
Country Fresh filed for reorganization under Chapter 11 freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.