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Sunland peanut plant to be auctioned subsequent week

March 15, 2014 Clovis No Comments

— A New Mexico peanut-butter estimate plant that went broke after a salmonella conflict shuttered a operations and stirred a national remember final year is headed to a auction block.

The haven cost for all bidders in Thursday’s auction is $18.5 million. That’s a volume California-based Ready Roast Nut Co. already has offering to buy a gone Sunland Inc. plant.

The sale seemed approaching when a failure keeper corroborated Ready Roast’s offer. But a Clovis News Journal reports another intensity customer has emerged.

A U.S. Bankruptcy Court decider has scheduled a conference Friday to accept or reject a best bid in a auction.

Sunland attorneys had valued a company’s sum resources during $50 million when it sought failure insurance final fall. It owes a 3 vital cumulative creditors about $14 million.

Information from: Clovis News Journal, http://www.cnjonline.com

Article source: http://www.fresnobee.com/2014/03/14/3822771/sunland-peanut-plant-to-be-auctioned.html

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