Tagged: rick allen

Allens’ Successor Sager Creek Also Faced Financial Trouble

by Mark Friedman 3/23/2015 12:00 am

The company that bought Allens Inc. of Siloam Springs out of bankruptcy was just a week away from filing its own Chapter 11 bankruptcy in February, according to the trustee for Allens. Sager Creek Vegetable Co. “had significant cash-flow problems,” Allens’ Chapter 7 Trustee R. Ray Fulmer II of Fort Smith told Arkansas Business.

Allens Debts Higher Than Expected

by Arkansas Business Staff 1/6/2014 12:00 am

Allens Inc.’s debts are now itemized and total $289.9 million. That’s about $10 million more than was estimated when the Siloam Springs company filed for Chapter 11 bankruptcy protection at the end of October.

Allens Inc. for Sale, Bankruptcy Filings Show

by Mark Friedman 11/25/2013 12:00 am

Allens Inc. sold most of its financially disastrous frozen-foods division in 2012, and now the rest of the company is up for sale, according to documents filed in one of Arkansas’ largest bankruptcy cases.

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