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Farley exits CCAA proceedings


March 5, 2013
By Patrick Flannery

Mar. 5, 2013 – Farley Group Inc, formerly known as Farley WinDoor Ltd., one of Canada’s largest fenestration manufacturers, has successfully exited CCAA proceedings. After an extensive restructuring which saw the consolidation of the company’s manufacturing facilities and its exit from the entry door market, Farley’s refinancing proposal was approved by the court on Feb. 27.

Mar. 5, 2013 – Farley Group Inc, formerly known as Farley WinDoor Ltd., one of Canada’s largest fenestration manufacturers, has successfully exited CCAA proceedings. After an extensive restructuring which saw the consolidation of the company’s manufacturing facilities and its exit from the entry door market, Farley’s refinancing proposal was approved by the court on Feb. 27.

“In order to exploit our strengths and maximize economies of scale, we took a serious look at our production and transportation models, consolidated manufacturing activities, and eliminated redundancies,” said company president Dominique Van Voorhis. “We received a number of strong refinancing proposals from various sources and are extremely pleased with the court’s decision.”

With its streamlined operations and new lease on life, Farley has committed to focusing on delivering superior quality products within industry-leading lead times. Initially founded by Frank Farley in 1952, Farley Group Inc. manufactures full lines of PVC and aluminum hybrid windows and patio doors under the Farley Windows and Doors, GreenView Windows and Doors, and Bonneville Solutions brands. Engineered for both the renovation and new construction markets, Farley Group brands offer a combination of superior quality, energy-efficiency and exceptional warranties. Farley’s manufacturing facilities continue to boast a fully automated Intercept Ultra stainless steel spacer line, state-of-the-art four-point corner welders, automated multi-function corner cleaners and computerized glass cutting tables.

The company added in a statement, "Most importantly, we at Farley would like to take the time to extend a sincere thank you to our employees and customers for their support through Farley’s CCAA proceedings. Their collective collaboration, patience, and outstanding commitments have been key factors in our success in exiting CCAA proceedings."

Related Link
www.farleywindows.com


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