The Canadian Press is reporting that bath manufacturer Maax is being acquired by Brookfield Bridge Lending Fund Inc., its senior lender, for the outstanding debt of $225 million plus.
It had been sold by the founder in 2004 for $640 million.
The third largest manufactuer of tubs, spas and showers in the United States, Maax lost $180 million on revenue of $411 million in 2007.
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