This comes in response to stiff competition from the paint business, which is benefiting from the increased popularity of faux paint finishes. This allows the company to show new designs and colors to customers to determine reaction before committing to mass production runs. In this regard, Norwall, Mr. The reasons for the board’s recommendation of the proposed transaction include: Dan Harvey covers the story.
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About Norwall Norwall designs quality residential wallpapers and borders and distributes them to specialty stores in Canada and through its wholly-owned operating subsidiary, Patton Wallcoverings, in the United States and in 52 countries worldwide.
Norwall Group Inc. Wallpaper
These statements, norwal considered reasonable by Norwall at the date of this press release, may prove to be inaccurate and consequently Norwall’s actual results could differ materially from its expectations as set out or implied in this release. Making its product even more attractive to new consumers, Norwall manufactures its wallcoverings nodwall be scrubbable, printing the designs directly onto a solid vinyl surface.
Easter blasts at Sri Lanka hotels and churches kill at least This comes in response to stiff competition from the paint business, which is benefiting from the increased popularity of faux paint finishes.
This involves not only updating product appearance but changing how wallcoverings are made, sold and bought. Inthe top selling products include faux textures.
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Major factors cited include an aging customer demographic and excess capacity. The Newco Loan constitutes a “related party transaction” for the purposes of MI but is exempt from the formal valuation requirement because Norwall is not listed on a “specified market” within the meaning of section 5.
The flavor is suggested by the names of some of the current collections: The board of directors of Norwall, with Mr. It will also apply to the securities regulatory authorities to cease to be a reporting issuer in each province in which it is currently a reporting issuer. Haftar forces press offensive on Libyan capital. A special meeting the “Meeting” of Norwall’s shareholders has been called for December 3,at which time shareholders will be asked to consider and, if deemed advisable, approve the Consolidation.
Its subsidiary, Patton Wallcoverings Inc. Utilizing product innovation and forward-thinking strategies, the Brampton, Ontario-based company looks to increase its own market share. Norwall plans to effect the going-private transaction by way of a share consolidation the “Consolidation” on the basis of one post-Consolidation common share for every 3, common shares held immediately prior to the Consolidation.
Unless otherwise required by applicable securities laws, Norwall disclaims any intention or obligation to update or revise any forward-looking statements. Comic poised to take over presidency in Ukraine vote.
In connection with the Meeting, Norwall will distribute a management information circular and accompanying materials on or about November 9, to all shareholders of record as of the Record Date.
The company secured its strong position by proactively pursuing the mass merchant business and by developing its U. Such factors include, among others, such factors which are described in Norwall’s management’s discussion and analysis of operations and other filings with Canadian regulatory authorities.
This is in stark opposition to the flat-color approach typical of most other wallpaper offerings.
NORWALL GROUP INC. ANNOUNCES PROPOSED GOING PRIVATE TRANSACTION – Press Release – Digital Journal
Approximately 70, square feet of the Brampton facility is occupied by a finished-goods warehouse. Much of our current design has a s retro kind of look. Graham indicates that faux-textured wallcoverings can achieve the same effect but with a lot less work. Norwall typically provides mass-merchant customers with a full line of customized services, as it selects products to sell and provides in-store marketing and fixturing, and point-of-sale merchandising. New analysis of passwords reveals too many that are easy to crack.
The number of cylinders required for a specific design varies depending on the number of colors involved, pattern intricacy, and whether the paper is embossed. It is also exempt from the minority voting requirement by ihc of section 5.
The Consolidation is exempt from the formal valuation requirement of MI because Norwall is not listed on a “specified market” within the meaning of section 4. New mayor calls Istanbul rally for ‘new beginning’. InNorwall manufactured approximately 42 million meters of wallcoverings.