Pipeline Foods files bankruptcy with more than $100 million in debt

By Sarah Lizee

Olympia, Wash., July 9 – Pipeline Foods, LLC filed Chapter 11 bankruptcy on Thursday in the U.S. Bankruptcy Court for the District of Delaware.

The company said in its petition that it is seeking court approval to use the cash collateral of its pre-petition lenders.

Pipeline Foods listed $100 million to $500 million in both assets and liabilities.

The company’s largest unsecured creditors are Simmons Feed & Supply LLC, which does business as Simmons Grains Co., based in Salem, Ohio, with a $5.21 million customer advance claim, Argi Exim DMCC, based in Dubai, with a $2.65 million trade debt claim, Jim Wolf, based in Jeffers, Minn., with a $2.22 million note payable claim, Crystal Valley Farms LLC, which does business as Miller Poultry LLC, based in Orland, Ind., with a $1.71 million customer advance claim, Earl Pederson, based in Bejou, Minn., with a $1.53 million trade claim, and Brushvale Seed Inc., based in Breckinridge, Minn., with a $1.05 million trade debt claim.

Saul Ewing Arnstein & Lehr LLP is general and special bankruptcy counsel for the company.

Pipeline Foods is a Minneapolis-based organic food supply chain. The company filed bankruptcy under Chapter 11 case number 21-11002.

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