Monessen Acquires CFM Corporation
|Areas||Corporate Finance and Securities, Corporate Restructuring|
Goodmans represented Canadian home products company, CFM Corporation and its affiliates in connection with an US$42.5 million asset sale transaction under the Companies’ Creditors Arrangement Act and Chapter 11 of the United States Bankruptcy Code. The transaction involved the acquisition of substantially all of CFM’s business and assets by Monessen Hearth Systems Company and Vermont Castings Holding Company. The operations acquired by Monessen include manufacturing, sales and distributions facilities located in Canada, the United States and Mexico.