Food Processing

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Quantum Foods Meat and Poultry Facility Bankruptcy Solution

In separate transactions unrelated to the bankruptcy but also directed by Schneider and Tiger, West Liberty agreed to purchase the three Bolingbrook buildings that housed Quantum’s operations. The company purchased the 220,000-square-foot production facility and 80,000-square-foot culinary facility, and leased the 250,000-square-foot cold-storage distribution center. As a result of the transactions, Schneider and Tiger cancelled…

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Grupo Herdez

SITUATION: When a Schneider Industries Representative contacted Grupo Herdez to discuss managing a complete investment recovery program, Herdez jumped on board with hopes of receiving maximum value for their 200,000 square foot building, machinery, and equipment in Ensenada. SOLUTION: SI managed an online and onsite auction event offering Herdez’ surplus assets at auction. Bidders competed on…

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Advance Pierre Food

SITUATION: Advance Pierre Food’s facility located in Orange City, Iowa, closed its doors leaving the real estate and the majority of the production equipment sitting idle. Advance Pierre Foods wanted to sell their 186,968 square foot frozen food plant and all surplus assets as a package to the highest offer. An end user in the…

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Bumble Bee Foods LLC

SITUATION: Hurricane Katrina severely damaged the Bumble Bee Foods processing plant in Violet. Because of the cost associated with rebuilding, Bumble Bee decided to sell the equipment, machinery, and real estate. SOLUTION: Bumble Bee Foods contracted Schneider Industries (SI) to assist in the sale of the 135,000 square foot building located on four acres, as…

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Ach Food Companies, Inc.

SITUATION: Ach Foods closed its edible oil and shortening processing facility in Champaign, IL, and hired Schneider Industries to manage an orderly negotiated sale of the processing plant located on 35 acres and all machinery and equipment. SOLUTION: SI was successful in selling all the equipment in a little over six months and secured a…

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Dimmitt Wet Corn Mill

SITUATION: Lubbock National Bank foreclosed on a complete wet corn mill including the equipment, machinery, and building with an almost 26 acre parcel and about 1,200 acres of dry farm land. Lubbock National Bank tried for over a year on their own to sell this turn-key property before hiring Schneider Industries (SI). SOLUTION: After implementing a…