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Economic shock waves hit Eastern Shore
OCEAN CITY — Joy Snyder calls them “scavengers.” They pick through the rock-bottom real estate listings and make lowball offers on homes bought five or six years ago at the peak of the market. “Some of the offers I see are absolutely ridiculous,” said Snyder, an Ocean City real estate agent. “We have five properties […]
Korean buyer committed to Allen plants, growers
WILMINGTON, Del. — Korea’s largest poultry producer said it plans to continue running Allen Family Foods’ existing plants and buy from the company’s contract growers as it uses its knowledge of Asian markets to expand operations. Harim Group announced Wednesday that its Harim USA, Ltd. affiliate was buying nearly all of the assets of the […]
Korean company wins auction for Allen Family Foods
WILMINGTON, Del. — South Korean meat producer Harim has outbid Delaware’s Mountaire for Allen Family Foods. The deal goes before a bankruptcy judge on Wednesday. The 2,400 employees of Allen Family Foods Inc. are waiting to see what happens to their jobs as the company winds its way through bankruptcy. The company filed for bankruptcy […]
28 laid off at Allen’s Cordova processing plant
CORDOVA — A Talbot County official says 28 employees at an Allen Family Foods processing plant in Cordova have been laid off. Paige Bethke, director of economic development for Talbot County, says the layoffs Friday were related to market conditions and not to the company’s ongoing bankruptcy reorganization. Bethke says the plant has more than […]
The Daily Record News Quiz: June 13 – 17
Have you been keeping up with The Daily Record’s news this week? Take our 10-question weekly news quiz in this fun, interactive feature. Leave a comment below and tell us how many questions you got right!
State Sen. Colburn says Allen Foods bankruptcy devastating
CORDOVA — State Sen. Rich Colburn says the bankruptcy filing of Delaware’s Allen Family Foods is devastating news for his Eastern Shore district. Colburn says the poultry company, which filed for bankruptcy last week, is Talbot County’s second-largest employer behind Memorial Hospital in Easton. State officials say between 500 and 600 employees work at its Cordova […]
Allen Family Foods, major Eastern Shore employer, files for bankruptcy
Allen Family Foods, a major employer on the Eastern Shore, has filed for bankruptcy and announced plans to sell most of its assets to competitor Mountaire Farms. The 92-year-old Harbeson, Del.-based company filed for Chapter 11 reorganization bankruptcy on Friday in the U.S. Bankruptcy Court for the District of Delaware. Allen Family Foods listed $50 […]
