RECEIPT OF STATEMENT OF CLAIM
03 November 2022 - 10:42AM
PR Newswire (Canada)
WINNIPEG, MB, Nov. 2, 2022
/CNW/ - Buhler Industries Inc. (TSX: BUI) ("Buhler Industries"
or the Company") announces today that its subsidiary, Buhler
Versatile Inc. ("Buhler Versatile"), has received a Statement of
Claim filed in the Manitoba Court
of Kings's Bench from PFG Australia PTY Ltd. ("PFG"). In the
Statement of Claim, PFG alleges that Buhler Versatile has failed to
comply with certain contractual obligations to deliver certain
manufactured equipment to PFG. PFG is claiming damages in the
amount of $41 million in Australian
Dollars (approximately $35.6 million
in Canadian Dollars) plus additional special and punitive damages
and costs. At the present time, Buhler Versatile has no comment on
the merits of the claim but will be defending the action.
About Buhler Industries
Buhler Industries is headquartered in Winnipeg, Manitoba, Canada and is a publicly
traded Company on the TSX (TSX: BUI). The Company manufactures and
distributes its product through several brand names including
Versatile and Farm King. The Versatile line of equipment consists
of tractors and tillage. Farm King supplies augers, mowers, bale
carriers, snowblowers, and compact implements. The Company has
manufacturing facilities and warehouses in both Canada and the
United States.
SOURCE Buhler Industries Inc.
Copyright 2022 Canada NewsWire
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