"Serious offer" for Agriprocessors - KWWL - Eastern Iowa Breaking News, Weather, Closings

"Serious offer" for Agriprocessors

IOWA CITY, Iowa (AP) -- Embattled kosher slaughterhouse Agriprocessors might have found a buyer, though the man in charge of the company's finances says it's just an opening bid.

Agriprocessors bankruptcy trustee Joseph Sarachek says the bid of $40 million from Israeli company Soglowek Nahariya Ltd. is a serious offer that provides a benchmark to other bidders.

The slaughterhouse in Postville has been for sale since late last year. Sarachek has said the company has at least 12 buyers looking to buy all or part of the company.

Other bidders have until March 18 to submit an offer.

Agriprocessors, once the nation's largest kosher slaughterhouse, has faced financial and legal trouble since a May 12 immigration raid in which 389 people were arrested.

Powered by Frankly