Cimino Bros. Produce enters chapter 7 bankruptcy - The Packer

Cimino Bros. Produce enters chapter 7 bankruptcy

11/10/2011 11:10:00 AM
Mike Hornick

Cimino Bros.’ financial issues surfaced in October 2009, when a $6.5 million loan from Wells Fargo came due. Wells Fargo seized its $255,000 bank account.

Cimino Bros. dealt primarily in broccoli, with operations in Mexico under Cimino Bros. Co. Produce Mexico, formed in 1998. The company developed the largest national network of Asian foodservice distributors, according to court filings. It reported strong growth between 2004 and 2007, when revenues jumped from $14.6 million to $20.7 million.

A Perishable Agricultural Commodities Act spokeswoman in Tucson said there were no PACA claims against the company. Creditors listed in court documents include transportation companies, financial institutions and government entities.


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green.growers    
mexico  |  November, 10, 2011 at 08:34 PM

The new lawyers should know that salt and offices are closed and there is no one answer for Cimino Brothers Produce, or the United States or Mexico, that if they're offering a machine that is seized by farmers who were paid with checks which were signed by persons not authorized to do so are accused of fraud in Mexico also, if someone knows they will not sell product and Srs, lawyers are not paid as they have no money, well so they say. Srs.Cimino come to Mexico and solve problems left with little economic solvency and imaginative that it was all a dream, come and pay the farmers, suppliers and employees as well as his situation with the SAT, otherwise it may be extradited from one moment to another by Mexican law

green grower    
mexico, puebla  |  January, 23, 2012 at 10:35 AM

Vince, Armand, is a matter of time before Mexico authorities require them to face all the debts that left pants hopefully have enough to come forward

green.growers    
puebla  |  July, 18, 2012 at 02:10 PM

All providers and employees of CIMINO BROTHERS PRODUCE OF MEXICO they were to owe money, they are told that the house of San Miguel de Allende is for sale, to see that can you take from there, and to collect something we must

John Blaze    
San Antonio, TX  |  March, 06, 2013 at 05:53 PM

Wow, I used to work for them from 2008 to 2010. First they cut our hours from 40 to 32 per week, and luckily I got a better paying full time job elsewhere. So glad I got the hell out of Dodge before they kicked the can cause coworkers of mine who stayed their told me they worked without pay for a whole month. They would just carelessly spend alot of money in their daily operations. Still, the Ciminos as people were overly nice to me and highly approachable people. Sucks that they had such a downfall.

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