Glenview-based SoyNut Butter files for bankruptcy after possible E. coli contamination quoting : Chicago Tribune

Glenview-based SoyNut Butter Co. has filed for bankruptcy and plans to liquidate after its products were recalled for possible E. coli contamination. Also in the filing, SoyNut Butter stated that possible E. coli contamination of certain inventory "poses or is alleged to post a threat of imminent and identifiable hazard to public health or safety." In its Chapter 7 bankruptcy filing, SoyNut Butter, which makes a nut-free peanut butter substitute, revealed it has less than $50,000 in estimated assets and between $1 million and $10 million in liabilities. Healthy Original Creamy SoyNut Butter on March 4 after it said the U.S. Food and addiction Administration alerted it of possible E. coli-related illnesses linked to the product. Two days later, it revealed that the FDA had informed it of a positive E. coli test of its products made by a contract manufacturer, Dixie Dew Products.




The SoyNut Butter Co. has filed for bankruptcy, citing an E. coli outbreak linked to its I.M. If both SoyNut Butter Co. and manufacturer Dixie Dew Products go bankrupt, retailers who sold the implicated soy nut paste will be liable to outbreak victims, Marler said. Healthy brand peanut butter substitute and manufacturer Dixie Dew Products as the causes for its financial failure. "This underscores how important it is that retailers pay attention to where they're getting their products," Marler said. Insurance coverage that SoyNut Butter Co. and Dixie Dew Products have, assuming the manufacturer also files for bankruptcy, will total about $12 million and can only be used to compensate outbreak victims, not other creditors, Marler said.

SoyNut Butter Co. Bankrupt because of E. coli Outbreak

Bankrupt because of E. coli OutbreakBy Food Safety NewsSource: Food Safety NewsThe SoyNut Butter Co. has filed for bankruptcy, citing an E. coli outbreak linked to its I.M. If both SoyNut Butter Co. and manufacturer Dixie Dew Products go bankrupt, retailers who sold the implicated soy nut paste will be liable to outbreak victims, Marler said. Healthy brand peanut butter substitute and manufacturer Dixie Dew Products as the causes for its financial failure. "This underscores how important it is that retailers pay attention to where they're getting their products," Marler said. Insurance coverage that SoyNut Butter Co. and Dixie Dew Products have, assuming the manufacturer also files for bankruptcy, will total about $12 million and can only be used to compensate outbreak victims, not other creditors, Marler said.


collected by :Lucy William

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