Quote:
Originally Posted by BillsPaseo
From the linked article above:
"The North American operations are now a whole-owned subsidiary of Corner Flag.
Erwin Hymer owes $95 million to European banks, 80 million euros to its parent company, and 85 million to trade creditors.
The Waterloo Region-based business Jay Fencing also has a $65,000 lien against the company’s plant located on Tyler Drive." Corner Flag is the parent company. Looks like they dumped every bit of debt they could find into the subsidiary. Restarting operations sounds like a pipe dream... |
Funny, I believe I speculated on that and got a response that I was some kind of idiot.
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