date:Jul 13, 2012
20m at its beef processing facilities in Plainview and Friona, Texas.
AFA, based in King of Prussia, Pennsylvania, filed for Chapter 11 bankruptcy in April after its revenues declined following public concern over the use of a meat additive dubbed 'pink slime'. The company, which adds the meat additive to its ground beef products, experienced a sharp drop in the demand for its products, which affected the seasonal rebound in sales.