From the Wires
MEGA Brands statement regarding incident at Montreal manufacturing facility
By: PR Newswire
Nov. 23, 2012 08:45 PM
MONTREAL, Nov. 23, 2012 /PRNewswire/ - MEGA Brands Inc. (TSX: MB) reported today that operations have resumed at its Montreal facility following a minor fire in a production storage area shortly before noon on November 19, 2012. The fire was restricted to several pallets of product and packaging components and was quickly extinguished with no injuries.
Manufacturing was temporarily suspended pending damage assessments and cleaning operations. Injection molding operations resumed within 72 hours of the incident and assembly operations are scheduled to resume on Monday.
The incident had no impact on the finished products inventory at the Montreal facility or any other of the Corporation's distribution facilities worldwide. The Corporation carries adequate insurance for its Montreal facility and operations, and continues to work closely with its insurers to assess the full impact of this incident. Based on assessments made to date, the Corporation believes the impact of this incident will not be material to the flow of finished products to its customers and likewise will have no material financial impact on the Corporation. The Corporation is grateful to its employees for their rapid restoration of operations.
About MEGA Brands
The MEGA logo, Mega Bloks, Rose Art, MEGA Puzzles, MEGA Games and Board Dudes are trademarks of MEGA Brands Inc. or its affiliates.
SOURCE MEGA BRANDS INC.
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