Tagged: Sager Creek Acquisition Corp.

As Factory Closes, Allens Foods Remains in Bankruptcy

As Factory Closes, Allens Foods Remains in Bankruptcy

Banking & FinanceLegal

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 >

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 >

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 >

Allens Sale Complete, Chris Kiser Named CEO

Allens Sale Complete, Chris Kiser Named CEO

LegalRestaurants & Food

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' Auction Ends at $160M

Allens' Auction Ends at $160M

Restaurants & Food

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 >