MONTREAL, June 5 /CNW Telbec/ - Further to an announcement made by MAAX
Corporation (the "Company") on May 28, 2008, in relation to the potential sale
of a significant portion of the assets of the Company's spa division --- MAAX
Spas (Arizona) Inc., the Company announced today that MAAX Corporation would
not be proceeding with the sales transaction and entering into a definitive
purchase agreement with the purchaser.
MAAX Spas will continue to be managed under its current operating
structure and the management team remains committed to delivering high quality
products and services to all its stakeholders.
MAAX is a leading North American manufacturer of award-winning bathroom
products and spas for the residential housing market. The company is committed
to offering its customers an enjoyable experience: distinctive, stylish and
innovative products and the best customer service practices in the industry.
MAAX offerings are available through plumbing wholesalers, bath and spa
specialty boutiques and home improvement centers.
The company currently employs more than 2,000 people in 16 plants and
independent distribution centers throughout North America and Europe. MAAX
Corporation is a subsidiary of Beauceland Corporation, itself a wholly owned
subsidiary of MAAX Holdings, Inc. Visit us at www.maax.com.
For further information:
For further information: Stephanie Jarrold, Corporate Director,
Communications, MAAX Corporation, Cell.: (514) 705-4905, (514) 844-4155,
ext.242, email@example.com; www.maax.com