Tuesday, July 19, 2011

Allen Family Foods Closing Maryland Poultry Facility and Lay Off 474

Allen Family Foods, Inc., will close its poultry processing facility in Cordova, Md., and terminate 474 jobs effective on Aug. 8, 2011.

Allen Family Foods is a vertically-integrated poultry operation that includes breeding, hatching, feed milling, and processing of its chickens. The Delaware-headquartered company operates its 28 of its own "growout" farms and contracts with more than 500 independent farmers, who raise the rest of the company's chickens.

Allen Family Foods, along with two affiliates, filed for Chapter 11 bankruptcy protection with the Bankruptcy Court for the District of Delaware, Case No. 11-11764 on June 9, 2011. It estimated assets and liabilities between $50 million and $100 million in its petition.

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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