Home » Jays to close Chicago plant
Jays to close Chicago plant
Crain's Chicago Business
Jays Foods Inc. will close its South Side manufacturing plant Wednesday, leaving 220 employees without a job.
Workers at the 825 E. 99th St. plant were notified Monday that the plant would not operate regardless of the outcome of the current sale process.
The snack manufacturer said it will continue to operate its warehouse and distribution center, which employs 420 workers, at the same address for an unspecified period of time.
The Jeffersonville, Ind. facility will not be affected, the company says.
Jays Foods Inc. is in the process of selling off all of its assets as part of a Chapter 11 bankruptcy reorganization process.
The company filed for Chapter 11 on Oct. 11 and simultaneously announced that Jay’s Acquisition Inc. had tendered an offer to buy all of Jays Foods’ assets for $24.8 million.
A hearing in federal bankruptcy court is scheduled for Tuesday to approve sale of Jays Foods’ assets. There were no other qualified bidders for the company.
Raft of Executive Changes at Hershey
Same president/CEO, but numerous internal promotions.
Campbell to Acquire Plum Organics
No. 2 organic baby food company moves Campbell in a new direction.
PepsiCo Stock Hits 32-Year High, but Why?
Decent first quarter but also investment firms buys a big stake.
Happy Family Bought by Groupe Danone
Dannon parent acquires 92 percent of seven-year-old toddler food company.
Anuga 2013: A Taste of Global Innovations Set to Take Place October 5-9
The huge global food show will be October 5-9 in Cologne, Germany.
Vermont Passes Genetic Labeling Bill
The Vermont House of Representatives approved H.112 on May 10. The bill will go to the senate next in fall 2013. If passed, the earliest the act could become law is January 2014.
GMO Labeling Effort Reaches Washington
Senate and House bills would require the FDA to develop regulations for the labeling of food containing bioengineered ingredients.
Burger King CEO To Take Over at Heinz
Bernardo Hees of 3G Capital is new CEO of Pittsburgh acquisition.
The New Hostess Company Resumes Operations
The Metropolous-Apollo-controlled company plans to reopen four plants and hire workers, but not union labor.
- 04/19/2013 Cheesemaker, Restaurant Chain Hold Mac and Cheese Cookoff
- All news »
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »