103-Year-Old Meat Producer Forced To Seek Bankruptcy Protection - BJ's Wholesale Club (NYSE:BJ)
Deli meat producer Freirich Foods claims "temperature abuse" of nearly 1.2 million pounds of corned beef housed at a third-party cold storage facility was the sole reason the 103-year-old company was forced to file for bankruptcy protection. CEO Paul Bardinas said the company tapped its credit line in January for $7 million as it ramped up production of corned beef, whic