date:Jun 06, 2012
Colbex, Eastern Canadas largest packing plant for cull cattle, was closed indefinitely on June 4. Lawyers for the National Bank of Canada filed a petition for receivership at the Quebec Superior Court in Montreal. The bank submitted the filing after the companys management failed to restructure its finances and failed to secure interim financing to keep the plant running.
All of the companys executives and directors resigned from their jobs, leaving the company without leadership, according to