Brief: Kraus Group Announces Commencement Of Proceedings Under The CCAA

QEP

11/09/2018 20:05

Sept 11 (Reuters) - QEP Co Inc  QEPC.PK :
    * KRAUS GROUP ANNOUNCES COMMENCEMENT OF PROCEEDINGS UNDER THE CCAA AND
PENDING
SALE OF HARD SURFACE FLOORING DISTRIBUTION BUSINESS TO Q.E.P. CO. INC.
    * KRAUS GROUP OF COMPANIES SAYS BEEN GRANTED PROTECTION UNDER COMPANIES'
CREDITORS
ARRANGEMENT ACT
    * KRAUS GROUP OF COMPANIES SAYS AN AGREEMENT HAS BEEN REACHED THAT WILL SEE
Q.E.P.
ACQUIRE KRAUS' HARD SURFACE AND CARPET TILE DISTRIBUTION BUSINESS
    * KRAUS GROUP OF COMPANIES SAYS KRAUS' BROADLOOM MANUFACTURING OPERATIONS IN
WATERLOO, ONTARIO, TO CEASE OPERATIONS
    * KRAUS GROUP OF COMPANIES SAYS BROADLOOM MANUFACTURING ACTIVITIES IN
WATERLOO
WILL CEASE OPERATIONS, AFFECTING 256 LOCAL EMPLOYEES

Source text for Eikon:  ID:nGNX5gBk26 
Further company coverage:  QEPC.PK 

 ((Reuters.Briefs@thomsonreuters.com;))