Battle over closed peanut butter plant not over - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Battle over closed peanut butter plant not over

Posted: Updated:
UPDATE:

ALBUQUERQUE, N.M. (AP) - A federal judge has approved a Canadian company's last-minute $26 million cash offer for an eastern New Mexico peanut butter plant that went bankrupt after a salmonella outbreak and nationwide recall.

But the fight for Sunland Inc. appears far from over.

Lawyers for Hampton Farms of Severn, N.C., which won a first round of bidding for the company last week, are laying the groundwork for an appeal.

At Wednesday morning's bidding, Hampton Farms increased its offer to $25.1 million, but only after making it clear it was doing so under protest.

Hampton Farms bid $20 million for the plant March 20. But just minutes before a court hearing Friday to approve the sale, Golden Boy Foods called the bankruptcy trustee with a higher cash offer


ALBUQUERQUE, N.M. (AP) - A bankruptcy judge has approved the sale of an eastern New Mexico peanut butter plant that went bankrupt following a 2012 salmonella outbreak to a Canadian company.

Golden Boy Foods Ltd. is buying the defunct Sunland Inc. plant in Portales for $26 million. U.S. Bankruptcy Judge David Thuma approved the sale Wednesday.

The sale price is more than 25 percent greater than the $20 million offered by Hampton Farms of North Carolina in an auction last week.

At the request of a bankruptcy trustee, Thuma ordered a second auction Wednesday morning after Golden Boy offered $25 million in cash Friday. Hampton Farms increased its offer to $25.1 million, but Golden Boy won with a new bid of $26 million.

A Hampton Farms official says the company is disappointed.



  • Local NewsLocal NewsMore>>

  • Police: Georgia man had 174 pounds of marijuana

    Police: Georgia man had 174 pounds of marijuana

    Thursday, July 31 2014 8:19 AM EDT2014-07-31 12:19:16 GMT
      Oklahoma police say they've charged a Georgia man with drug trafficking after they found 174 pounds of marijuana in a car he was towing.
      Oklahoma police say they've charged a Georgia man with drug trafficking after they found 174 pounds of marijuana in a car he was towing.

  • SkyWARN 7 Forecast

    SkyWARN 7 Forecast

    Thursday, July 31 2014 4:38 AM EDT2014-07-31 08:38:48 GMT
    A Few Breaks Of Sun This Afternoon...
    A Few Breaks Of Sun This Afternoon...
  • Lawton firefighters train for disaster relief

    Lawton firefighters train for disaster relief

    Wednesday, July 30 2014 11:44 PM EDT2014-07-31 03:44:47 GMT
    Dozens of Lawton firefighters are training this week on how to respond to large-scale disasters, like a bombing or tornado. 
    Dozens of Lawton firefighters are training this week on how to respond to large-scale disasters, like a bombing or tornado. 
Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.