Major national food company files for Chapter 11 bankruptcy
The national food producer and distributor filed for bankruptcy with plans to sell its assets.
Rising inflation, increased curiosity rates, and altering client attitudes in direction of spending hang led national meals processing firms over the closing two years to reevaluate their operations and shut down manufacturing vegetation to restructure their firms and reduce expenses.
Tyson Foods in 2023 shut down eight poultry vegetation located in Arkansas, Florida, Indiana, Missouri, South Carolina, and Virginia.
What's Your Reaction?
