JCG Foods, an affiliate of Koch Foods Incorporated was the successful bidder for substantially all the assets of Cagle Foods at an auction that was held on May 10, 2012.
About 200 meat-plant workers were fired without being given the 60 days’ notice required under the federal Worker Adjustment and Retraining Notification Act.
Along with in-person auction registration on January 18, 2012 in Nashville, TN and January 25, 2012 in Denver, CO, online registration will be available.
Cagle's Inc. announced that it and its wholly owned subsidiary Cagle's Farms Inc. have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
Bankrupt poultry processor Townsends Inc. has abandoned its efforts at restructuring under Chapter 11 and will go into a Chapter 7 liquidation under a plan approved Wednesday by a Delaware bankruptcy judge.
Dow Jones News has reported that Allen Family Foods Inc., a 92-year-old Seaford, Del., poultry company, has filed for Chapter 11 bankruptcy protection Thursday with plans to sell itself to rival Mountaire Farms of Delaware Inc.
