According to a news report, Wauchula, FL-based tomato operation Grainger Farms Inc. has filed for bankruptcy.
Chapter 11 documents were said to be filed with the Tampa division of the U.S. Bankruptcy Court last week.
The filing cites prolonged turbulence in the tomato market as the reason behind the company’s struggles, as well as four of its subsidiaries. Records show the companies (combined) currently have more than $27 million in unpaid debt.
Click here to find out more details and about what will happen next in the process.