Maines Paper And Food News
Maines paper and food service has filed for chapter 11 after winding down its businesses because of a drop in demand from the covid 19 pandemic.
Maines paper and food news. In a letter sent to employees on sunday the more than 100 year old. May 14 2020 10 19 am wbng breaking news email local news news top stories wbng according to a maines paper food service company email acquired by 12 news lineage logistics is set to. According to court documents the company says it is in the best interest of creditors employees stockholders and other stakeholders. Lists assets of as much as 10m and liabilities of at least 100m in its bankruptcy petition.
Filed for chapter 11 bankruptcy on wednesday a move that had been hinted at for weeks following layoffs and sale of the 101 year old conklin based food. At 3 5 billion in annual sales the family owned maines paper food service has long represented the largest and most expansive privately held business based in the binghamton region. By spectrum news staff conklin published 7 40 pm et may. Wbng less than two months after the company told some employees they were being let go in a temporary plant layoff in march maines paper and food service inc.
Maines paper food service inc. Maines paper food service files chapter 11 bankruptcy june 10 2020 6 44 am maines paper food service inc a food service distributor files for chapter 11 bankruptcy in delaware. 11 2020 maines paper and food service one of broome county s largest and longest serving employers is laying off a significant portion of its staff according to a letter sent to affected employees. Binghamton ny maines paper and food service is shutting down a major component of its business eliminating hundreds of jobs.