AFA Foods Files For Ch. 11 Amid ‘Pink Slime’ Media Barrage

Law360, Wilmington (April 2, 2012, 2:55 PM EDT) -- Reeling from the media blitz surrounding the chemically treated ground beef filler pejoratively referred to as “pink slime,” private equity-owned meat processor AFA Foods Inc. filed for bankruptcy protection Monday in Delaware.

King of Prussia, Pa.-based AFA, which is owned by The Yucaipa Companies LLC, was already contemplating a sale of its businesses due to broader adverse market conditions, but the recent media controversy and consumer backlash over pink slime — or boneless lean beef trimmings — forced the company into court protection to realize the...
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