San Group Files for Creditor Protection, Company Monitored by Court

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San Group,Creditor Protection,Sawmills

The San Group, facing creditor claims totaling over $100 million and a log shortage, has filed for creditor protection and laid off employees. A court-appointed monitor is overseeing the company's restructuring, with the goal of a court-supervised sale process.

A court-appointed monitor is overseeing the San Group of companies after the Langley-based firm filed for creditor protection. The San Group, which runs two sawmills and a remanufacturing plant in Port Alberni, has laid off employees and reduced operations due to a shortage of logs, with creditors claiming to be owed more than $100 million. The city of Port Alberni has activated a community transition team to support affected workers. Deloitte Restructuring Inc.

was appointed monitor, and the company aims to seek approval for a court-supervised sale process

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