EuroFresh wants to pay PACA claims, continue operations - The Packer

EuroFresh wants to pay PACA claims, continue operations

01/29/2013 11:57:00 AM
Coral Beach

Eurofresh officials state in the motion that the company, which specializes in growing tomatoes and cucumbers, has been in default since late 2010. In 2012 they began looking for a buyer.

In the summer of 2012 Eurofresh representatives contacted 54 potential bidders. They negotiated confidentiality agreements with 31 of them.

Eurofresh narrowed the field to eight and had “detailed calls and meetings,” which resulted in four entities submitting bids. Ultimately those four bidders declined to continue the process, according to Eurofresh court filings.

In September 2012 another bid from a “confidential strategic party” looked like it was going to work out. However, in November 2012 that party sent a letter terminating its intent, Eurofresh officials said in court documents.


Prev 1 2 Next All


Comments (1) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left

Dean Gilbery    
Tucson  |  January, 29, 2013 at 03:58 PM

no luck for the suppliers where is the money?

Feedback Form
Leads to Insight