Golden County Foods Gets Nod For $37M Bankruptcy Sale

Law360, Wilmington (July 2, 2015, 6:44 PM EDT) -- A Delaware bankruptcy judge on Thursday blessed Golden County Foods Inc.'s $37.2 million sale to industry rival Monogram Appetizers LLC, the result of an auction that boosted the sticker price by more than $15 million.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross signed off on Golden County's sale to Monogram, which came aboard as a $22 million stalking horse bidder and eventually prevailed over an affiliate of McCain Foods USA.

"I'm not really surprised it was a successful auction — I didn't it expect it to be quite as successful as it was," Judge Gross said.

Wednesday's auction...

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