TUCSON, Ariz. (AP) - A southern Arizona tomato grower has filed for Chapter 11 bankruptcy for the second time in four years with the intention of selling its assets to a major rival.
Willcox-based EuroFresh Farms filed for bankruptcy Monday in Tucson.
San Antonio, Texas-based NatureSweet Limited has announced that it plans to purchase substantially all of the assets of EuroFresh.
NatureSweet and EuroFresh Farms are 2 of the leading producers of fresh tomatoes in North America.
EuroFresh has more than 300 acres of greenhouses in Willcox and Snowflake.
The company filed for Chapter 11 bankruptcy in April 2009 and emerged as a reorganized company in November 2009.
In bankruptcy papers, EuroFresh said it had fallen into default on its biggest loans and that without an asset sale it would have to cease operations.
During the summer, most people in the valley escape the heat in the pool or inside with air conditioning. But one Sun City woman didn't have that choice.
During the summer, most people in the valley escape the heat in the pool or inside with air conditioning. But one Sun City woman didn't have that choice.
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching...
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in...
General Motors is recalling more than 193,652 SUVs from the 2006 and 2007 model years because a circuit board in the driver's door could short and cause a fire.
General Motors is recalling more than 193,652 SUVs from the 2006 and 2007 model years because a circuit board in the driver's door could short and cause a fire.
McDonald's says a key sales figure rose 2.6 percent in May, with the world's biggest hamburger chain attributing the bump to its focus on value and new menu options.
Cheap eats and new menu items helped McDonald's boost a key sales figure in May, bouncing back from a decline the previous month.
Monday, June 3 2013 11:30 AM EDT2013-06-03 15:30:55 GMT
A Cheerios ad featuring an interracial couple that sparked serious controversy on YouTube brings up an important question: To what extent can a brand manage its reputation on the Internet?
A Cheerios ad featuring an interracial couple that sparked serious controversy on YouTube brings up an important question: To what extent can a brand manage its reputation on the Internet?
One week from now, the Jodi Arias murder trial should be in the hands of the jury. Even though the trial has lasted four months now, the interest in it is still high with a lot of people across the country.
One week from now, the Jodi Arias murder trial should be in the hands of the jury. Even though the trial has lasted four months now, the interest in it is still high with a lot of people across the country.
The U.S. Department of Agriculture says a Louisiana-based meat packing company has expanded a recall of meat products because of possible bacterial contamination.
The U.S. Department of Agriculture says a Louisiana-based meat packing company has expanded a recall of meat products because of possible bacterial contamination.
Screen shot from eurofresh.com
