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Chris Kiser

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 / 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 >
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 >