H-Food Holdings, parent of Hearthside Food Solutions, files for Chapter 11 bankruptcy to reduce debt and secure funding.

H-Food Holdings, parent company of Hearthside Food Solutions, has filed for Chapter 11 bankruptcy protection. The move is expected to reduce the company's debt by $1.9 billion and provide a $200 million cash infusion upon exiting bankruptcy in early 2025. Despite the bankruptcy, operations will continue without disruption, ensuring employee wages, benefits, and vendor obligations are maintained.

4 months ago
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