Sun, 02 Nov 2008

Iowa Meatpacker Defaulted on Loan, Bank Says

This looks to be the end of the line for the company: I've blogged about these folks before. I wonder what shall become of Postville after 20 years of the upheaval they wrought?

A federal judge has appointed a temporary receiver for Agriprocessors Inc. after a bank said that the company had defaulted on a $35 million loan.

(link) [New York Times]

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