Login for full access to ABQJournal.com



New Users: Subscribe here


Close

Sunland peanut plant sale closes

........................................................................................................................................................................................

sunlandThe former Sunland Inc. peanut butter plant in Portales, mothballed since the company filed for bankruptcy court protection in October, is under new ownership.

Golden Boy Foods, which has a “nut butter” division, took possession of the plant on Tuesday after closing on the $26 million purchase, said Tom Walker, lawyer for the court-appointed trustee in charge of Sunland’s bankruptcy estate.

A subsidiary of Vancouver, Can.-based Post Private Brands Group, Golden Boy acquired the plant through an auction in Bankruptcy Court in Albuquerque that was part of Sunland’s bankruptcy proceedings. Golden Boy has not yet commented on the acquisition or issued a timeline on the plant’s reopening.

Comments

Note: Readers can use their Facebook identity for online comments or can use Hotmail, Yahoo or AOL accounts via the "Comment using" pulldown menu. You may send a news tip or an anonymous comment directly to the reporter, click here.

Top
Read previous post:
529deal
Judge OKs $3.75M NM 529 settlement

Oppenheimer Funds already had paid $67 million to partially reimburse consumers for losses

Close