Sam Kane Beef Processors $1.5 million asset sale approved by court

By Caroline Salls

Pittsburgh, Feb. 14 – Sam Kane Beef Processors, LLC obtained court approval for the sale of its assets to JDH Capital Co., according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

JDH has agreed to pay $1.5 million in cash for the Same Kane Beef assets.

As previously reported, the company said it could not move forward with a sale of its assets to a previously identified stalking horse bidder “as a result of circumstances well beyond the debtor’s control.”

Sam Kane Beef Processors is a Corpus Christi, Texas-based processor and distributor of beef and beef products. The company filed bankruptcy on Jan. 22 under Chapter 11 case number 19-20020.

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