Catfish Company SouthFresh Aquaculture Files Chapter 11
SouthFresh Aquaculture, which produces catfish and sells a range of other species such as oysters, and tilapia, filed for bankruptcy under Chapter 11, to reorganize the company with a strategic restructuring. The filing was in the Northern District of Alabama.
The company plans to operate through the restructuring with a debtor in possession credit line of $3.5 million, plus cash from its continuing operations.
SouthFresh is a wholly-owned subsidiary of Alabama Farmers Cooperative, Inc. Alabama Farmers Cooperative, Inc. and its other affiliates are not included in the bankruptcy...
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