A PENNSYLVANIA BASED MEAT COMPANY HAS FILED FOR CHAPTER 11 BANKRUPTCY OVER THE NATIONAL CONTROVERSY OVER LEAN FINELY TEXTURED BEEF.
A-F-A FOODS FILED FOR PROTECTION MONDAY IN FEDERAL COURT IN DELAWARE.
A COMPANY SPOKESMAN SAYS ONGOING MEDIA ATTENTION HAS CALLED INTO QUESTION THE WHOLESOMENESS OF THE MEAT AND DRAMATICALLY REDUCED THE DEMAND FOR ALL GROUND BEEF PRODUCTS.
THE COMPANY IS A COMPETITOR OF B-P-I.
A-F-A HAS AROUND 850 FULLTIME EMPLOYEES AND ANNUAL REVENUE OF 958-MILLION DOLLARS.
THE COMPANY IS BASED OUT OF KING OF PRUSSIA PENNSYLVANIA.
April 02 2012
Woody Gottburg