Eurofresh posts $100,000 PACA bond

08/04/2011 09:12:00 AM
Fred Wilkinson

Eurofresh Inc. has posted an additional $100,000 cash surety bond with the U.S. Department of Agriculture under the Perishable Agricultural Commodities Act in order to maintain its license.

The Willcox, Ariz.-based company previously posted a $50,000 cash surety bond on Dec. 8, 2009, after bankruptcy, to obtain a PACA license. The USDA then raised the bond amount to $150,000 to reflect an increase in the company’s produce purchases in 2010.

The USDA will hold Eurofresh Inc.’s bond for three years or until Dec. 8, 2012 to provide assurance to the industry that the company can pay for produce purchases and operate according to PACA rules. 



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John Oliver    
Rio Rico  |  August, 04, 2011 at 09:53 AM

Unfortunately Eurofresh has failed to repay the State of Az. for Contracted Prison Inmate Labor.

Derrick    
CA  |  August, 18, 2011 at 05:21 PM

How much have they not paid? It seems that they get the best price for labor, why not keep that screw over some one else??

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