M&C Produce Co. closes doors
M&C Produce Co. closes doors
PHILADELPHIA -- A longtime house on the Philadelphia Regional Produce Market, M&C Produce Co. Inc., closed its doors Nov. 6.
William Morgen, secretary-treasurer of the Philadelphia Produce Credit Bureau on the market, said that John Lerro, owner of M&C, "never mentioned to any of us on the market that he would be closing his doors. And he never mentioned it to the credit bureau." Mr. Morgen has learned that Mr. Lerro "has employed an attorney to work out a payout arrangement with all of his creditors," though he did not know the name of the attorney.
William Morgen, secretary-treasurer of the Philadelphia Produce Credit Bureau on the market, said that John Lerro, owner of M&C, "never mentioned to any of us on the market that he would be closing his doors. And he never mentioned it to the credit bureau." Mr. Morgen has learned that Mr. Lerro "has employed an attorney to work out a payout arrangement with all of his creditors," though he did not know the name of the attorney.