Central Maine Meats files for bankruptcy
Central Maine Meats, a Gardiner, Maine processor, filed for bankruptcy protection after being open for barely three years. The company was funded by more than $4 million in state grants and federal loans, reports the Press Herald.
The company processes beef, pork and lamb. It opened in 2015 as a means to support the local food economy in Maine, the newspaper reports. The company recently added Halal processing and installed a smokehouse for further-processed meats. The company, which is still operating, reported debts of between $100,000 and $500,000 to 64 creditors.
Source: Press Herald