Popular food and grocery brands file for Chapter 11 bankruptcy

The owner of these national food and drink brands has filed for bankruptcy to reorganize its business.

Jul 10, 2024 - 07:30
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Popular food and grocery brands file for Chapter 11 bankruptcy

Cherished retail items now and lower again disappear from the market after a industrial manufacturer archives for monetary damage.

Likely basically the most first payment manufacturers to disappear, at the very least temporarily, became Hostess Brands' items after the industrial manufacturer filed for Chapter eleven monetary damage in 2012. The industrial manufacturer that makes Ask yourself Bread, Twinkies, Ding Dongs, Ho Ho's and fruit pies had filed Chapter eleven a most great time in 2004, when it became owned by Interstate Bakeries, and re-emerged as Hostess Brands in 2009.

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The industrial manufacturer struggled to make funds on a $700 million loan, as better as union pension funds, and filed monetary damage a 2d time in 2012 when owned by private fairness industrial manufacturer Ripplewood Holdings.

Hostess stopped making its snack muffins in 2012 after filing its petition, but by July 2013, it resumed baking and selling its items lower again beneath new ownership. About 10 years later, publicly traded Hostess Brands became acquired by J.M. Smucker for $5.6 billion in a deal that closed in November 2023.

In every other instances, youngsters, retail items do not disappear after a industrial manufacturer archives monetary damage.

Hudson River Foods' affiliate Dancing Deer Baking Co. markets its baked items.

Hudson River Foods

Hudson River Foods archives Chapter eleven monetary damage to reorganize

Popular herbal meals and drinks producer Hudson River Foods on July 9 filed for Chapter eleven monetary damage repairs within the U.S. Economic damage Court for the Northern District of New York to reorganize its industrial.

Associated: Distressed pizza chain plans to file for Chapter eleven monetary damage

The Castleton-on-the-Hudson, N.Y., debtor listed $1 million to $10 million in property and liabilities in its petition. The debtor indicated within the petition that funds will likely be reachable to pay unsecured collectors. The industrial manufacturer did no longer indicate a lead to for filing, and did no longer devoid of prolong reply to a request for comment.

Hudson River Foods manufactures and distributes swimsuit baking items, plant-based drink mixes and other meals items by its six retail manufacturers: Cherrybrook Kitchen, European Gourmet Bakery, Hodgson Mill, Dancing Deer Baking Co., Healthful To Go, and Tempt Hemp.

Added monetary damage:

  • Some other coffee and cafe industrial manufacturer archives Chapter eleven monetary damage
  • Distressed domestic enchancment retailer plans Chapter eleven monetary damage
  • Popular retailer closing all outlets after Chapter eleven monetary damage

The private swimsuit meals industrial manufacturer makes regular and varied meals with herbal, non-GMO, kosher, vegan, allergen free and superfood alternate prospects. Cherrybrook Kitchen affords gluten-free and classic cake, brownie and cookie mixes. European Gourmet Bakery sells herbal cake, icing, muffin, brownie, cookie, German streusel, and pudding mixes. Hodgson Mill markets gluten-free pancake and waffle, yellow cornbread, chocolate cake and brownie mixes.

Dancing Deer Baking Co. sells reasonably a couple of cookies and muffins and gift containers and baskets for numerous times. Products are kosher, and gluten-free items come in. Hudson River Foods also markets exceptionally exceptionally a couple of hemp meals and beverage items by its Tempt Hemp Products line, and fairly a couple of beverage mixes by its Healthful To Go brand.

Hudson River Foods items are purchased nationwide by eleven grocers, inclusive of Publix, Kroger (KR) , Amazon's (AMZN) Entire Foods, Sprouts Farmers Market (SFM) , HyVee, Cease & Retain away from, Principal Market, Herbal Grocers, Raley's and Mother's Market & Kitchen.

At the birth generally generally is basically generally called Healthful Brands Collective, the industrial manufacturer changed its name in 2017 to Hudson River Foods after it moved its headquarters and manufacturing plant to Castleton, simply south of Albany, N.Y. The A hundred,000 sq. foot country of the work manufacturing plant replaced an older, out of date and polluting manufacturing plant with an environmentally mindful herbal and herbal meals plant, the industrial manufacturer's cyber web content identified.

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