Kane Beef Files Chapter 11 Bankruptcy

Sam Kane Beef Processing, the Corpus Christie, Tex., beef packer, has filed for Chapter 11 bankruptcy "to assure the fair treatment of our creditors and employees.” ( Kane Beef ) Sam Kane Beef Processing, LLC, has filed for bankruptcy. The Corpus Christi, Texas-based beef processor filed Chapter 11 in the Southern District of Texas to “facilitate the on-going sales process of the assets of (the company), and to assure the fair treatment of our creditors and employees.” Kane Beef processes roughly 270,000 head of cattle from about 30 feedyards annually. The company employs more than 700 workers. While most of Kane’s beef is distributed in Texas, it also exports beef to various countries...MORE