Portales peanut plant up for auction

Portales peanut plant up for auction

PORTALES, N.M. (KRQE) – Sunland Inc. the peanut butter processing plant in Portales that went bankrupt after a salmonella outbreak could soon be auctioned off to the highest bidder.

The bidding starts at $18.5 million, that is how much a California company offered for Sunland a few months ago.

Last fall the company’s attorneys valued Sunland’s assets at $50 million but it still owes three of its major creditors about $14 million.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus