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.
Friday, May 24 2013 11:12 AM EDT2013-05-24 15:12:21 GMT
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President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
Friday, May 24 2013 10:55 AM EDT2013-05-24 14:55:44 GMT
The unofficial start of summer is being met with not so perfect beach weather. Many beach communities had been hoping for good weather this weekend following the destruction and rebuilding due to superstorm Sandy.
The unofficial start of summer is being met with not so perfect beach weather. Many beach communities had been hoping for good weather this weekend following the destruction and rebuilding due to superstorm Sandy.
Friday, May 24 2013 9:23 AM EDT2013-05-24 13:23:33 GMT
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
Friday, May 24 2013 6:29 AM EDT2013-05-24 10:29:05 GMT
AP photo
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
A Scottsdale restaurant is trying to repair its image after a disastrous appearance on the FOX TV show Kitchen Nightmares. It led to a worldwide backlash.
A Scottsdale restaurant is trying to repair its image after a disastrous appearance on the FOX TV show Kitchen Nightmares. It led to a worldwide backlash.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
A big job fair will take place Monday and dozens of positions need to be filled. One of the companies participating in the event is Go Daddy and they don't take part in these fairs often.
A big job fair will take place Monday and dozens of positions need to be filled. One of the companies participating in the event is Go Daddy and they don't take part in these fairs often.
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.
It used to be doctors made house calls. Those days are long gone -- or are they? A Scottsdale company called "Stat Doctors" is pioneering a way for doctors to make virtual house calls.
It used to be doctors made house calls. Those days are long gone -- or are they? A Scottsdale company called "Stat Doctors" is pioneering a way for doctors to make virtual house calls.
Screen shot from eurofresh.com
