date:Jul 16, 2012
The company bid $14.1 million for the facility and working capital assets. The former AFA Foods facility was part of a bankruptcy court auction.
AFA, based in King of Prussia, Penn., 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 ap