MONTREAL, Nov. 23, 2012 /CNW Telbec/ - MEGA Brands Inc. (TSX: MB)
reported today that operations have resumed at its Montreal facility
following a minor fire in a production storage area shortly before noon
on November 19, 2012. The fire was restricted to several pallets of
product and packaging components and was quickly extinguished with no
Manufacturing was temporarily suspended pending damage assessments and
cleaning operations. Injection molding operations resumed within 72
hours of the incident and assembly operations are scheduled to resume
The incident had no impact on the finished products inventory at the
Montreal facility or any other of the Corporation's distribution
facilities worldwide. The Corporation carries adequate insurance for
its Montreal facility and operations, and continues to work closely
with its insurers to assess the full impact of this incident. Based on
assessments made to date, the Corporation believes the impact of this
incident will not be material to the flow of finished products to its
customers and likewise will have no material financial impact on the
Corporation. The Corporation is grateful to its employees for their
rapid restoration of operations.
About MEGA Brands
MEGA Brands Inc. is a trusted family of leading global brands in
construction toys, games & puzzles, arts & crafts and stationery. They
offer engaging creative experiences for children and families through
innovative, well-designed, affordable and high-quality products. Visit http://www.megabrands.com for more information.
The MEGA logo, Mega Bloks, Rose Art, MEGA Puzzles, MEGA Games and Board
Dudes are trademarks of MEGA Brands Inc. or its affiliates.
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
information" within the meaning of applicable Canadian securities laws.
These statements represent the Corporation's intentions, plans,
expectations and beliefs. Readers are cautioned not to place undue
reliance on these forward-looking statements. Forward-looking
information and statements are based on a number of assumptions and
involve risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied by them,
including, but not limited to risks, assumptions and uncertainties
described in the Corporation's MD&A for the year ended December 31,
2011, which are available at www.sedar.com and on the Corporation's Web site. The Corporation disclaims any
intention or obligation to publicly update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by applicable law.
SOURCE: MEGA BRANDS INC.
For further information:
Vice President and Chief Financial Officer
Tel: (514) 333-5555 ext. 2283