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Published 29 days ago

103-Year-Old Meat Producer Forced To Seek Bankruptcy Protection - BJ's Wholesale Club (NYSE:BJ)

Summary by Benzinga

Deli meat producer Freirich Foods claims "temperature abuse" of nearly 1.2 million pounds of corned beef housed at a third-party cold storage facility was the sole reason the 103-year-old company was forced to file for bankruptcy protection. CEO Paul Bardinas said the company tapped its credit line in January for $7 million as it ramped up production of corned beef, whic

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103-Year-Old Meat Producer Forced To Seek Bankruptcy Protection - BJ's Wholesale Club (NYSE:BJ)

Deli meat producer Freirich Foods claims "temperature abuse" of nearly 1.2 million pounds of corned beef housed at a third-party cold storage facility was the sole reason the 103-year-old company was forced to file for bankruptcy protection. CEO Paul Bardinas said the company tapped its credit line in January for $7 million as it ramped up production of corned beef, whic

29 days ago·New York, United States

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