“The general director and one of the owners of Zoglobek company, Eli Zoglobek, is presently negotiating to purchase the Agriprocessors meat plant owned by the Rubashkin family, which supplies 60% of the American kosher meat market, and has a $400 million annual turnover. Sha’ah Tovah ”
“Zoglobek had its own share of controversy when it was […]
“As the mind boggling details of the biggest financial swindle in history continue to unfold, we learn today that the alleged perpetrator, Bernard Madoff has been granted conditional bail by a NY Judge. The judge in the fraud case has set new conditions for his bail, including a curfew and ankle-monitoring bracelet for the disgraced […]
December 15, 2008–Troubled Kosher meatpacking company Agriprocessors, has an offer for a new owner, but the sale doesn’t look promising. Quantum Partners Inc., a Florida-based company, made an offer on the Postville plant. The deal would have Quantum pay off a $35 million loan from Agriprocessors’ biggest creditor, First Bank Business Capital. But this […]
“Baruch Weiss, a lawyer for former Agriprocessors executive Sholom Rubashkin, told a judge today that unnamed investors are in negotiations to buy the company. “Very soon, the company will be out of Rubashkin hands,” he said.” more@DesmoinesRegister.com
“As Agriprocessors and the town of Postville stand on the edge of a financial cliff, hope has emerged that the plant will soon find rescue via outside investors, a well-placed employee at the company said this weekend. Speaking on the condition of anonymity, he said a group of investors toured the plant shortly before the […]
URGENT TEHLLIM NEEDED Sholom Mordechai HaLevi ben Rivkah.Who is in need of a a great Geulah and Hatzalah.In addition, please sign the petition @www.waronkosher.com The former leader of a controversial meatpacking plant has been arrested again, this time on a federal bank-fraud charge. Sholom Rubashkin, 49, who ran the Agriprocessors, Inc. plant for years, was arrested […]
A Gordon slaughterhouse run by Agriprocessors has closed because of the financial problems the kosher meat company is having. The phone number for the Local Pride LLC plant that Agriprocessors ran was disconnected Wednesday. And Rabbi Menachem Genack, CEO of the Orthodox Union, said the Local Pride plant in Gordon closed several days ago when Agriprocessors […]
DES MOINES, Iowa (AP) — A kosher slaughterhouse in Iowa has filed for bankruptcy protection, blaming a May immigration raid for financial difficulties. Agriprocessors’ move to file for Chapter 11 bankruptcy protection on Tuesday comes a day before the meatpacker was to meet in court with its biggest lender, First Bank of St. Louis. The bank […]
A lender seeking control of Agriprocessors Inc. says the meatpacker’s finances are so dire that “millions of chicks and chickens (are) in danger of starving to death.”Chief U.S. District Judge Linda Reade, after a telephone hearing Friday, gave Atec Liquidations of St. Louis limited powers to oversee Agriprocessors in Postville and a sister plant in […]
Upd: He faces three counts: conspiracy to harbor illegal aliens for profit; aiding and abetting document fraud; and aiding and abetting aggravated identity theft.If convicted, the first two counts carry a maximum sentence of 10 years in prison and fines of up to $250,000. The third count carries a mandatory consecutive sentence of two years, […]
Kosher king Aaron Rubashkin, a man of biblical mien, almost never grants interviews. To find him, you must journey deep into the heart of Brooklyn to 14th Avenue, in a neighborhood called Borough Park. There, amid a sea of bearded men in dark hats and yarmulkes sauntering past synagogues, kosher restaurants, and storefronts lettered in […]
New York…Empire Kosher Poultry, founded in 1938 by Joseph Katz, is set to enter the kosher meat market, sources told KosherToday. The beef will not be sold under the Empire brand, due to trademark restrictions, but will be certified by the Star-K Kosher Certification and Khal Adas Jeshurun. Sources say that Neil Rosenbaum, the company CEO, has worked out […]
