US appetizer and snack maker Golden County Foods has filed for Chapter 11 as part of plans to sell the business.
Wisconsin-based Golden County Foods, which has reportedly had financial problems and had difficulties meeting a recently-awarded contract, has agreed a US$22m deal with US group Monogram Food Solutions, which is acting as the so-called stalking horse purchaser of the assets. Competing offers can come in and a court will need to approval any transaction.
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"The Golden County plant and its products are of interest to Monogram Foods because we are in the frozen foods category as well as the jerky and shelf-stable categories. This acquisition would grow our business in the area of frozen food," a spokesperson for Monogram told just-food.
Golden County makes frozen breakfast products under the IHOP at Home brand through a licencing deal with the IHOP restaurant chain. It also manufactures frozen snacks under its Snapps brand. The company also acts as a co-packer and as a supplier to the foodservice industry, its website says.
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