WINDOM, MINN. — Three US subsidiaries of Canadian pork processor HyLife Ltd., recently moved closer to a Chapter 11 plan for the company’s debt.
The latest plan was approved by a federal bankruptcy judge, with creditors making their decision by Sept. 28.
In April, HyLife announced plans to sell or close the company’s processing plant in Windom, Minn.
Subsidiaries HyLife Foods Windom LLC, Tritek International Inc. and Canwin Farms LLC petitioned for relief in US Bankruptcy Court for the District of Delaware. The companies’ liabilities and debts stood at $100 million, according to court documents and reports.
Then in June, Premium Iowa Pork, located in Hospers, Iowa, bid $13 million to purchase the Windom pork processing plant from Hylife Ltd.
The buyer of the plant did not retain employees at the Windom plant. Reports stated that around half of the workers at the operation were on H-2B visas.
HyLife also laid off 87 employees earlier in June after the announcement of the Minnesota plant closure.