News
US: Agriprocessors to be sold 29 Jun 2009
A bankruptcy trustee has recommended that SHF Industries be permitted to purchase most of the assets of Agriprocessors, the Iowa kosher meatpacker, for $8.5 million.
Heshey Friedman, who heads SHF, is the president of Montreal-based Polystar Plastics, which manufactures packaging for poultry and other meats.
According to reports, the only reason SHF has been incorporated on May 6 in Iowa, is to buy Agriprocessors.
Hearing date
A judge has to approve the deal for the sale to be completed. Bankruptcy Judge Paul Kilburg will take into consideration the motion for the sale deal to take place. A hearing date on the motion has not been set.
Immigration raid
Further reports state that residents in Postville are hoping that the kosher meat plant buyer can re-establish its operations and reputation, following the immigration raid that took place in May 2008. Since then some company officials have faced criminal charges for being involved in employing illegal workers, and also for other alleged violations.
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