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 “
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DUBAI, United Arab Emirates, Dec. 21, 2020 (GLOBE NEWSWIRE) Weir Oil & Gas Dubai announced today that it signed a five-year $70 million contract with Thailand s PTT Exploration and Production (PTTEP), a subsidiary of state-owned energy conglomerate PTT, to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The agreement represents one of the largest recent projects in South East Asia.
Weir s extensive experience and history in the Gulf of Thailand, large skilled Thai workforce and differentiated technical capabilities were deciding factors in the deal. This contractual agreement also further consolidates a wider regional adoption of Weir s Rig-to-Grid capabilities in the market.