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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
Allens Inc. of Siloam Springs officially announces that Sager Creek Acquisition Corp. has reached a deal to purchase Allens operations and assets. read more >
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 >
Between October and the end of 2013, Allens Inc., the Siloam Springs cannery, lost $14.1 million. read more >
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. 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 >
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 >
