Detroit Carrier joins large -scale bankruptcy

A grocery company based on Detroit with more than 300 trucks has presented a bankruptcy with several associated companies.

The SFD transport presented the bankruptcy of Chapter 11 on Monday to the United States Failure Court for the Northern District of Texas. The presentation was in Texas because a case of bankruptcy on a debtor’s subsidiary was already pending.

According to the presentation obtained by Freightwaves, SFD estimated that it has between 5,001 and 10,000 creditors, with liabilities for an amount of $ 500 million and $ 1 billion. The company estimates that it has between 1 billion and $ 10 billion in assets.

SFD transport joins 11 subsidiaries and matrices of the Holding LLC Sea when submitting jointly for the bankruptcy protections of Chapter 11. All companies involved are:

• Cascade Food Brokers Inc.

• Of the purchasing sea Inc.

• Of the Holding LLC

• Hamilton Meat Llc

• Harvest Meat Co. Inc.

• Harvest Sherwood Food Distributors Inc.

• LAMCP Capital LLC

• SFD Acquisition LLC

• SFD CO. Clc

• SFD Transport Corp.

• Sherwood Food Distributors LLC

• Surfliner Holdings Inc.

• Distributors of Western Caixa Inc.

According to the presentation, these debtors have been transferred to the joint administration of cases under a case number of Chapter 11 assigned to the Harvest Sherwood Food Distributors subsidiary. Harvest Sherwood Closed operations On April 21, he set up 1,500 workers.

On April 18, an involuntary request for Chapter 7 against Sherwood food distributors in the eastern district of Michigan was submitted. The presentation stated that the debtors foresee that this case will be rejected with the consent of the creditors to petition after the beginning of the case of Chapter 11.

Eric Kup, the head of restructuring of Sherwood, signed on behalf of the SFD transport in this presentation.

The main creditors contained in the SFD transport bankruptcy submission are Bureford Capital ($ 35 million) in Chicago, National Beef Packing Co. ($ 15.5 million) in Kansas City, Missouri and Tyson Foods ($ 13 million) in Springdale, Arkansas.

According to More safe The data, the SFD transport transports general goods, fresh produce, meat, refrigerated foods and paper products. The company has 308 units of energy and employs 262 drivers.

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