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Spreckels Industry Inc

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October 17, 1992 | From Associated Press
Spreckels Industry Inc., the parent company of California's Spreckels Sugar Co., has filed for Chapter 11 bankruptcy protection. Spreckels defaulted on the debt from a 1987 management-led buyout of the company that was financed by Amstar Corp. of New York. Spreckels has assets of $188 million and liabilities of $185 million, according to records filed Thursday in bankruptcy court.
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BUSINESS
October 17, 1992 | From Associated Press
Spreckels Industry Inc., the parent company of California's Spreckels Sugar Co., has filed for Chapter 11 bankruptcy protection. Spreckels defaulted on the debt from a 1987 management-led buyout of the company that was financed by Amstar Corp. of New York. Spreckels has assets of $188 million and liabilities of $185 million, according to records filed Thursday in bankruptcy court.
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