US cookie and cracker maker Bake-Line Group has announced that it has filed for bankruptcy under Chapter 7 of the US Bankruptcy Code.
Go deeper with GlobalData
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.
