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Rite Way Acquires Morris Industries

July 9, 2020 | Posted in Mergers & Acquisitions
According to a report from Farm Weekly, Rite Way has signed an agreement to take over full ownership of Morris Industries. This follows Morris Industries' entering into creditor protection in January of this year, when the company announced it planned to downsize due to a "liquidity crisis."
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Morris Industries Enters Creditor Protection, Plans Downsizing

January 13, 2020 | Posted in Ag Equipment Business
Source: Glacier Farm Media
Morris Industries has been granted an order by the Court of Queen’s Bench for Saskatchewan extending their stay of proceedings, enabling Morris Industries to continue with its efforts to restructure its business and financial affairs. This includes obtaining approval to solicit proposals from prospective strategic and financial parties to acquire or invest in the Morris Group.
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