date:Jul 16, 2012
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AFA, based in King of Prussia, filed for Chapter 11 bankruptcy protection on April 2, citing changes in the market for ground beef and the impact of the controversy over lean finely textured beef (LFTB). AFA was a competitor of Beef Products Inc., another producer of LFTB that was embroiled in the LFTB controversy.
A federal bankruptcy court approved AFA Foods plan to sell two of its five processing plants to separate buyers. The company's ground beef processing f