American Food Distributors posts PACA surety bond

07/18/2014 11:04:00 AM
Daniel Vanderhorst

Denver-based American Food Distributors Inc. has posted a $260,000 surety bond with the U.S. Department of Agriculture, according to a USDA news release.

The company posted the bond under Perishable Agricultural Commodities Act rules that require a formerly bankrupt company to post a bond as part of obtaining a PACA license.

The bond, which USDA will hold for three years, provides assurance to the industry that the company will operate in accordance with PACA rules.

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