Shermag Inc.

Court OKs Shermag deal.
Furniture-Today; 9/21/2009; 637 words; ...Quebec Superior Court has approved Shermag's plan to satisfy creditor claims...take place with le Groupe Bermex Inc.," Shermag said in a statement. Bermex will...plan and, in a move approved by Shermag's board of directors in early...

Clarke expands stake in Stylus parent.
Furniture-Today; 9/21/2009; 620 words; By Furniture Today Staff HALIFAX, Nova Scotia -- Clarke Inc. has acquired an additional 19,200 units of TerraVest Income Fund...Canadian furniture makers and retailers, including Amisco Inds., Shermag and Liquidation World.

Ottawa throws teetering businesses a lifeline.(BUSINESS)
Guelph Mercury (Guelph, Ontario); 8/20/2009; 842 words; ...of Commerce and Sun Life Financial Inc, one of Canada's largest insurers...Quebecor World and furniture maker Shermag Inc. have restructured under the federal...pulp and paper producer Fraser Papers Inc. - and a spate of smaller companies...

Court approves sale of Shermag to Bermex.
Furniture-Today; 8/17/2009; 683 words; ...has approved the sale of Shermag Inc. to Groupe Bermex, clearing...Under a deal approved by Shermag's board of directors...largest shareholder in Shermag, controlling about 15...shareholder was Clarke Inc., whose major shareholder...

Quebec furniture maker to be sold.(BUSINESS)
The Record (Kitchener, Ontario); 8/1/2009; 592 words; ...October. Sherbrooke-based Shermag has been kept afloat by funding...Armoyan, who resigned from the Shermag board earlier this spring...the chief executive of Clarke Inc. (TSX:CKI), the Halifax...maker. Geosam has been funding Shermag's operations and restructuring...