Eurofresh to emerge from bankruptcy in September
Eurofresh to emerge from bankruptcy in September
Eurofresh Inc., a leader in greenhouse tomato production, has submitted a reorganization plan to the courts and expects to emerge from bankruptcy protection in September, according to Brian McLaughlin, the firm's chief financial officer.
Mr. McLaughlin said that the vast majority of the firm's major bondholders have agreed to a restructuring plan that will require an additional investment by at least two key players, including original owner and founder Johan van den Berg, who still owns about one-third of the company.
Mr. McLaughlin said that the vast majority of the firm's major bondholders have agreed to a restructuring plan that will require an additional investment by at least two key players, including original owner and founder Johan van den Berg, who still owns about one-third of the company.