AP: Agriprocessors Auction Fails - FailedMessiah.com

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March 24, 2009

AP: Agriprocessors Auction Fails

Trustee wants to try again next week.

Auction to sell kosher slaughterhouse fails

CEDAR RAPIDS, Iowa (AP) - An auction to sell a bankrupt kosher slaughterhouse in northeast Iowa was unsuccessful, but an attorney representing the bankruptcy trustee will make another effort to get the plant sold.
Bidders couldn't reach an agreement with St. Louis-based First Bank Business Capital on Tuesday. The bank was seeking a $20 million credit bid but only received a $6.5 million bid.
Dan Childers, the attorney representing the bankruptcy trustee, says the Agriprocessors slaughterhouse will try again in another hearing in U.S. Bankruptcy Court next week.
Childers says the trustee is trying to avoid another shutdown of the plant, where some production lines have restarted following a 2008 raid in which 389 people were arrested.
Included in the properties up for auction is the now-closed Local Pride LLC, a plant in Gordon, Neb.

Previous auction posts: 1, 2, 3, 4.

Posted at 09:15 PM in Chabad, Haredim, Kosher Business?, Kosher Scandal | Permalink

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