Tagged: Chris Kiser

Trustee Charges Collusion in Allens’ Case

Trustee Charges Collusion in Allens’ Case

LegalCover Story

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 >

Allens’ Successor Sager Creek Also Faced Financial Trouble

Allens’ Successor Sager Creek Also Faced Financial Trouble

LegalCover Story

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 Buying Sager Creek of Siloam Springs for $75M Cash

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

Restaurants & Food

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 >