An Israeli company has made an offer to buy the kosher meat producer Agriprocessors. The Israeli company, Soglowek Nahariya, made the offer in a filing Sunday with an Iowa bankruptcy court, the Des Moines Register reported.
Agriprocessors, once the country's largest producer of kosher meat, filed for Chapter 11 bankruptcy protection in November. The company had been on a steady downward spiral since May, when federal agents descended on the company's Postville slaughterhouse and arrested more than one-third of its workforce in what was at the time the largest single-site immigration raid in American history.
Joseph Sarachek, a bankruptcy trustee who is temporarily running Agriprocessors, was encouraged by the offer from Soglowek Nahariya, a leading producer of meat, poultry and vegetarian products with five plants in Israel and three logistics centers, according to its Web site. Sarachek cautioned that it would be a few months before any sale is complete.
The sale failed. I believe the company was liquidated.