Canadian Window Company to Close

November 30th, 2015 by Editor

Acan Windows and Doors, a maker of residential fenestration products based in Newfoundland, Canada, has closed. However, its parent company, Kento Ltd., has not declared bankruptcy and will continue operations.

Acan announced it was closing last week. According to CBC News, 35 of 70 Acan workers learned they were losing their jobs on November 20. By Friday, only seven workers were left to finish production at the plant before it shut down operations.

Meanwhile, Kento Ltd., a door and window manufacturer that’s been in operation since 1983, will continue work at two other facilities in the region.

Ian Penney of Canadian accounting and consulting firm Janes and Noseworthy Ltd., told The Telegram that Kento intends to file a proposal with creditors for a restructuring plan that has the support of all the major secured lenders.

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