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Allens Inc.

Banking & Finance / Legal / Manufacturing

As Factory Closes, Allens Foods Remains in BankruptcyLock Icon

Allens remains in bankruptcy, and its trustee in the Chapter 7 liquidation continues to fight some of the creditors that he accused of scheming to buy the vegetable and food processor out of bankruptcy in order to save themselves millions while leaving most creditors holding an empty bag. read more >
Agriculture & Poultry / Manufacturing

Del Monte Foods Sells Sager Creek, Siloam Springs Plant Closes

Del Monte Foods Inc. of San Francisco sells its Sager Creek vegetable business to McCall Farms Inc. of Effingham, South Carolina, and that the sale will result in the closure of a production facility in Siloam Springs. read more >
Banking & Finance / Legal / Manufacturing / Restaurants & Food

Centennial Files Foreclosure Against Former Allens CEOLock Icon

Centennial Bank of Conway has filed a foreclosure suit against Joshua Allen, the former CEO and president of Allens Inc. of Siloam Springs. read more >
Agriculture & Poultry / Investments / Legal / Manufacturing / Retail

Trustee Charges Collusion in Allens’ Case

The trustee in Allens Inc.’s Chapter 7 liquidation has accused some creditors of scheming to buy the Siloam Springs vegetable and food processor out of bankruptcy in 2014 in order to save themselves millions while leaving most creditors holding an empty bag. read more >
Agriculture & Poultry / Banking & Finance / Government & Politics / Legal / Restaurants & Food

Allens Inc. Cited by USDA for Unpaid Produce

Bankrupt Allens Inc. of Siloam Springs has been cited by the U.S. Department of Agriculture for failing to pay for $9.8 million worth of produce. read more >
Agriculture & Poultry / Investments / Legal / Manufacturing / Public Companies

Allens’ Successor Sager Creek Also Faced Financial Trouble

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. read more >
Manufacturing / Restaurants & Food

Del Monte Will Close Sager Creek Operation in Wisconsin

Del Monte Foods of San Francisco, which recently bought Sager Creek Vegetable Co. of Siloam Springs, says it will close a vegetable processing plant in Pulaski, Wisconsin. read more >
Agriculture & Poultry / Restaurants & Food

Del Monte Foods Buying Sager Creek of Siloam Springs for $75M Cash

The operations and assets of the vegetable company formerly known as Allens Inc. of Siloam Springs are set to change owners once again in a $75 million cash deal. Del Monte Foods Inc. of San Francisco says it has completed its acquisition of the assets of Sager Creek Vegetable Co. read more >
Jim Bob Duggar
Agriculture & Poultry / Real Estate

Sager Sells Allens Properties to Jim Bob Duggar

Duggar paid $35,000 for about 20.4 acres from Sager Creek Vegetable Co. and $57,000 for a group of properties totaling more than 16 acres that includes rural land and several housing lots in Gentry and the Beauchamp Addition in Siloam Springs. read more >
The warehouse at 705 N. Thompson in Springdale, a former storage facility for Allens Inc.
Business Services / Manufacturing / Real Estate

Former Allens Warehouse in Springdale Sold for $4.2M

Automotive dealer Larry Breeden of Van Buren bought the 3.58-acre development at 705 N. Thompson St. through his Springdale Thompson Warehouse LLC. read more >
Agriculture & Poultry / Legal

Judge Rules Allens Inc. Must Pay $2M Claim

A U.S. District Bankruptcy Court judge rules that the defunct Allens Inc. of Siloam Springs has to pay a claim totaling $2.25 million to D&E Farms Inc. of Spring Grove, Pennsylvania. read more >
Agriculture & Poultry / Legal / Manufacturing

Lawyers Show Muscle in Allens Bankruptcy Case

As the bankruptcy case of Allens Inc. of Siloam Springs continues to wend its way through the court system, the legal bills are adding up to an amount fairly described as eye-popping. read more >
Agriculture & Poultry / Construction / Energy / Government & Politics / Manufacturing / Transportation

New Allens Inc. Owners Offer Big Plans with Siloam Springs

Siloam Springs officials are trying to figure out how to help Allens Inc. efficiently dispose of wastewater generated by increased production at “Plant 1” outside the city limits. read more >
Legal / Manufacturing / Restaurants & Food

Allens Sale Complete, Chris Kiser Named CEO

The bankruptcy court-approved sale of Allens Inc.'s operations and assets to Sager Creek Acquisition Corp. was completed on Friday, and Chris Kiser was appointed CEO of the company. read more >
Agriculture & Poultry / Investments / Legal

Allens Officially Announces $160M Sager Creek Buyout

Allens Inc. of Siloam Springs officially announces that Sager Creek Acquisition Corp. has reached a deal to purchase Allens operations and assets. read more >
Allens Inc.'s bankruptcy could be one of the largest ever for a private business in the state.
Agriculture & Poultry / Investments / Restaurants & Food

Allens’ Auction Ends at $160M

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. read more >
Agriculture & Poultry

Allens’ Losses Add Up

Between October and the end of 2013, Allens Inc., the Siloam Springs cannery, lost $14.1 million. read more >
Agriculture & Poultry / Banking & Finance / Investments / Public Companies / Restaurants & Food / Retail

From Allens to Rogers Bancshares, Bankrupt Firms Still Entice Buyers

Businesses have been buying businesses out of bankruptcy for years and the trend should continue, said Michael Stewart, a partner in Faegre Baker Daniels LLP of Minneapolis, a 750-attorney law firm that focuses on financial restructuring services. read more >
Allens Inc.'s bankruptcy could be one of the largest ever for a private business in the state.
Agriculture & Poultry / Legal / Real Estate / Restaurants & Food

In Bankruptcy, Allens Retains GA Keen Realty Advisors to Sell Property

Allens Inc. of Siloam Springs retains GA Keen Realty Advisors to market and sell excess, "non-core" industrial properties, vacant land and a home in Arkansas, Louisiana, Mississippi and Oklahoma. read more >
Agriculture & Poultry / Banking & Finance / Legal / Nonprofits / Restaurants & Food

Allens Debts Higher Than Expected

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. read more >