Military Food Supplier Files For Ch. 11

Law360, New York (February 19, 2008, 12:00 AM EST) -- Wornick Company, a major supplier of ready-to-eat military meals for the Department of Defense, and five of its affiliates filed for bankruptcy protection on Thursday in the U.S. Bankruptcy Court for the Southern District of Ohio.

Wornick, a private company based in Blue Ash, Ohio, has total assets of about $92 million and total liabilities of more than $177 million.

The debtors have been extensively negotiating with DDJ Capital Management LLC on behalf of those who hold about 35% of the amount of senior secured notes,...
To view the full article, register now.