POSTVILLE, IA — A technicality has held up the sale of a struggling kosher slaughterhouse in northeast Iowa, but the trustee charged with overseeing the plant is confident the sale will be completed soon.
Technicality Holds Up Sale of Agriprocessors Slaughterhouse
POSTVILLE, IA — A technicality has held up the sale of a struggling kosher slaughterhouse in northeast Iowa, but the trustee charged with overseeing the plant is confident the sale will be completed soon.
Agriprocessors, Inc. bankruptcy trustee Joe Sarachek says a technical issue concerning the way the sale was drawn up stopped Judge Paul J. Kilburg from approving the sale Wednesday in U.S. Bankruptcy Court in Cedar Rapids. But Sarachek says a new agreement could be submitted to Kilburg by Thursday.
The $8.5 million sale of the Agriprocessors plant in Postville to SHF Industries would end months of uncertainty for the town of Postville, which has endured a series of setbacks that began with a huge immigration raid at the plant last year.
