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Food giant collapses amid
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If you suspect anyone of showing sympoms of the 'Necro- Mortosis' Virus, the Government has released the following anonymous tip line.
1 800 155 3219


B.F. Quality Foods Falls to receivership
ZWN (AP) Fort Wayne, Indiana

Posted: Sept. 7th, 2007 Bookmark and Share

Troubled food company B. F. Foods has fallen to receivership following the wake of its Necro-Mortosis tainted food scandal in May.

Related reports:
'Mortosis' tainted baby food
Tainted baby food stocks tumble

 

In a released statement this morning, B.F. Quality Foods CEO, Daryl Freeling,
detailed that "despite the companies 80 year tradition of excellence in the food and beverage industry, sadly, our customers have lost faith in our brands good name."

B.F. Quality Foods announced a May recall of it's non-milk based baby food products. These brands include, 'Morning Surprise' jarred preserves, 'Midday Munchies' fruit juices, and 'Miles o' Smiles' processed vegetables.

Junk bond status:
On the NASDAQ, B.F. Quality Foods were reduced to junk bond status.
B.F. Quality Foods had also made drastic job cuts amounting to 9,000 employees worldwide. Five manufacturing plants and two distribution warehouses in the US closed last month ensuring the companies immanent closing.

Receivership:
Is a form of bankruptcy in which a company can avoid liquidation by reorganizing with the help of a court-appointed trustee. There has been no official word yet on when this may happen though.


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