California company seeks NM peanut butter plant for $18.5M - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

California company seeks NM peanut butter plant for $18.5M

PORTALES, N.M. (AP) - Court filings show a California manufacturer is seeking to buy assets of a defunct New Mexico peanut giant for $18.5 million.

The Portales News-Tribune reports that Trustee Clarke Coll asked a federal bankruptcy judge in Albuquerque last month to approve the sale of the Portales-based Sunland Inc. to Ready Roast Nut Co. in Hughson, Calif. In his Jan. 31 court filing, Coll's attorneys said Ready Roast's was the best proposal received for Sunland's assets.

Sunland closed its doors and filed for Chapter 7 bankruptcy in October after it was involved in a nationwide salmonella outbreak.

Sunland's attorneys had estimated the bankrupt firm's assets at close to $50 million in earlier court filings.

But lawyers for Sunland's three major creditors said they feared Sunland was over-estimating its value.

  • Today's Local News HeadlinesToday's Local NewsMore>>

  • 'Spring Cleaning Drive' helps two area non-profits

    'Spring Cleaning Drive' helps two area non-profits

    Sunday, March 26 2017 4:54 PM EDT2017-03-26 20:54:27 GMT
    Source: KFDASource: KFDA

    Martha's Home and Amarillo Habitat for Humanity got some much-needed help this weekend, while others did a little spring cleaning.    

    Martha's Home and Amarillo Habitat for Humanity got some much-needed help this weekend, while others did a little spring cleaning.    

  • Building fire at Public Steel, no injuries reported

    Building fire at Public Steel, no injuries reported

    Sunday, March 26 2017 12:43 AM EDT2017-03-26 04:43:35 GMT
    Source: KFDASource: KFDA

    Amarillo police and the Amarillo Fire Department worked a building fire at Public Steel.

    Amarillo police and the Amarillo Fire Department worked a building fire at Public Steel.

  • Career fair brings opportunities for young job seekers

    Career fair brings opportunities for young job seekers

    Saturday, March 25 2017 9:29 PM EDT2017-03-26 01:29:17 GMT
    Hundreds of job seekers came dressed for success in hopes of joining teams of local companies in the area. Multiple employment opportunities were available from all levels of employment, including full and part-time positions in technical, health care, management, customer service and many others. According to the Bureau of Labor Statistics, the Texas unemployment rate is at 4.9 % and in Amarillo the percentage of unemployment is at 3.4 %.  Workforce solutions Panhandle said t...
    Hundreds of job seekers came dressed for success in hopes of joining teams of local companies in the area. Multiple employment opportunities were available from all levels of employment, including full and part-time positions in technical, health care, management, customer service and many others. According to the Bureau of Labor Statistics, the Texas unemployment rate is at 4.9 % and in Amarillo the percentage of unemployment is at 3.4 %.  Workforce solutions Panhandle said t...
Powered by Frankly