West Liberty Foods LLC announced that it has closed on the purchase of substantially all of the assets of Bolingbrook, Illinois-based Quantum Foods. The items were to be sold at an auction scheduled for June 24-26. That auction has now been cancelled.
The equipment and inventory formerly owned by Quantum Foods were sold as a turnkey operation in a $12.7 million transaction coordinated by Tiger Group, City Capital Advisors, LLC, and Schneider Industries. The acquisition of the equipment and inventory was approved on June 19 by U.S. Bankruptcy Judge Kevin J. Carey, sitting in the District of Delaware.