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Korean meat processor wins bid to buy U.S. chicken company
#1
Korean meat processor wins bid to buy U.S. chicken company
There's a joke in there somewhere I just know it.

Quick! Check the roosters.
First there's outsourcing and now there's incoming.
Yeah, that's a good one.

Sorta.

(7/27/2011)
Rod Smith

A South Korean meat and poultry business this week won an auction to buy Allen Family Foods Inc., a chicken integrator in Delaware that filed for bankruptcy liquidation earlier this year (Feedstuffs, June 20).

Harim Holdings Co. Ltd., through its newly established Harim USA Ltd., outbid cross-state producer Mountaire Farms of Delaware, which walked away from bidding Monday after a bankruptcy court trustee said its $30 million offer was too low.

It hasn't yet been announced week what Harim USA offered, but the trustee had stated that he valued Allen at $53 million.
*Feedstuffs Full Article*



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Korean meat processor wins bid to buy U.S. chicken company - by Judas BentHer - July 27, 2011 at 11:27 pm

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