Le Lézard
Classified in: Business
Subject: TNM

Golden County Foods Acquired by Monogram Appetizers

PLOVER, Wis., July 1, 2015 /PRNewswire/ -- Golden County Foods, a leading contract manufacturer, and innovative developer of product solutions for the frozen appetizer and snack category as well as being the world's largest supplier of frozen filled potato skins, announced today that it is being acquired out of Chapter 11 by Monogram Appetizers, a unit of Monogram Foods of Memphis, Tennessee.

Monogram Appetizers was the stalking horse bidder entering the court-supervised auction and was declared the winning bidder at the conclusion of the auction. The sale process, which was run by the Company's investment banker Piper Jaffray is a positive outcome for the Company, its constituents and its operations. Monogram has indicated that it intends to continue operations and will work with current management to ensure a smooth transition.

"This was a great day for Golden County Foods, its employees, creditors, customers and the Village of Plover, Wisconsin. We were pleased with the results and look forward to working with Monogram on the transition. I am happy to report that Monogram intends to continue operations and grow the business," said Dave Wiggins, Golden County Foods, Chief Executive Officer.

Monogram Appetizers will provide additional transition information once the sale agreement is finalized, which is expected by July 15, 2015.

SOURCE Golden County Foods

These press releases may also interest you

at 16:03
Slate Retail REIT (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of December 2017 of U.S.$0.07 per class U unit of the REIT ("Class U...

at 16:03
Avaya Holdings Corp. ("Avaya" or the "Company") announced that it has successfully completed its debt restructuring and emerged from chapter 11. "This is the beginning of an important new chapter for Avaya," said Jim Chirico, Avaya's president and...

at 16:01
The following issues have been halted by IIROC: Company: Scorpion Resources Inc. TSX-Venture Symbol: SR.H Reason: At the Request of the Company Pending News Halt Time (ET): 15:53 IIROC can make a decision to impose a temporary suspension...

at 16:01
Origin Agritech Ltd. ("the Company" or "Origin") an agricultural biotechnology trait and corn seed provider, today announced that it had been informed by Beijing Shihui Agricultural Development Co. Ltd. ("Shihui"), to which Origin Agritech Limited...

at 16:00
SES Advisors/Steiker, Greenapple & Fusco, P.C., a nationally recognized firm focusing on Employee Stock Ownership Plans (ESOPs) and other employee-centered ownership transition and compensation strategies, was recently awarded a certificate of...

at 15:57
Longfin Corp. , a CorpStartertm Star company, went public on Nasdaq on Dec. 13, 2017. Longfin is the first FinTech company closed its IPO under Reg A+, and the second Indian company traded on Nasdaq in the past 10 years. At the CorpStartertm Star...

News published on 1 july 2015 at 19:00 and distributed by: