US cookie and cracker maker Bake-Line Group has announced that it has filed for bankruptcy under Chapter 7 of the US Bankruptcy Code.
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The company said it had been in restructuring negotiations to reorganise its cookie and cracker business, but it was unable to secure sufficient financing from its principal lender.
Bake-Line is therefore ceasing operations at all of its manufacturing plants, which are situated in Pittsburgh, Pennsylvania; North Little Rock, Arkansas; Marietta, Oklahoma; two plants in South Beloit, Illinois; and two facilities in Chattanooga, Tennessee. The company is also shutting down its corporate headquarters in Oakbrook Terrace, Illinois. Bake-Line employed around 1,300 staff.
