AFA Foods files bankruptcy; cites “pink slime” media coverage as factor
AFA Foods, a ground beef processor headquartered in King of Prussia, Pa., has sought bankruptcy court protection with a plan to sell some assets. The company stated that media coverage of lean finely textured beef produced by rival BPI has cut demand for its products.
“Ongoing media attention has called into question the wholesomeness” of the meat, and has “dramatically reduced the demand for all ground beef products,” AFA interim CEO Ron Allen said in court papers, reports Bloomberg News.