Pierre Foods files for Chapter 11
Citing rising raw material prices, Pierre Foods Inc., Cincinnati, on July 15 filed for protection under Chapter 11 of the United States Bankruptcy Code. "The company intends to work with all of its constituencies to reach mutually acceptable resolutions and to exit bankruptcy as expeditiously as possible. Pierres operations are expected to continue as normal throughout the bankruptcy process and while the company executes on its reorganization plans."
For the full filing, click here.