Allens Seeks Auction Approval for Vegetable Canning Plants

December 30, 2013

Vegetable canner Allens Inc. is preparing to hold a Jan. 21 auction for buyers that want to challenge a competitor's $148 million purchase offer for the Arkansas business, which lost too much money on its failed expansion into frozen foods, Dow Jones Daily Bankruptcy Review reported today. In court papers, Allens’ executives said that they have reached out to more than 175 potential buyers that might want to purchase the Siloam Springs, Ark., company, which employs roughly 1,175 people and called itself one of the largest private canning companies in the world.