Eurofresh Farms announces chapter 11 filing
Eurofresh Farms announces chapter 11 filing
Eurofresh Farms in Wilcox, AZ, and its subsidiary, Eurofresh Produce LTD, announced April 21 that they had reached an agreement with a group of investors to recapitalize the company. As part of the negotiated settlement, Eurofresh filed a voluntary petition for protection under chapter 11 of the U.S. bankruptcy code that will allow the company to implement a plan of reorganization, according to a company press release. Doing business as Eurofresh Farms, the company is "one of southern Arizona's largest employers and the leading year-round producer and marketer of greenhouse tomatoes in the