Allens' Auction Ends at $160M

by Mark Friedman  on Tuesday, Feb. 4, 2014 2:20 pm  

Sager Creek Acquisition Corp., formed last month, bid $160 million for Allens Inc., the 87-year-old family-owned vegetable processor and food-service provider that filed Chapter 11 bankruptcy in October.

Sager Creek Acquisition Corp. was the high bidder Monday in an auction to buy Allens Inc. of Siloam Springs, according to a source close to the sale.

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