John Driscoll from The Eureka Times-Standard reports that the bankruptcy mess that the California-based Humboldt Creamery faced this spring continues. Now, several organizations are seeking money from Humboldt’s former dairy farmers to pay reparations. Now, the state is going after individual dairymen and businesses in an effort to recover assessments, fees and penalties it says they never paid. A lawsuit … Read More
Foster Dairy to Buy Humboldt
California dairy giant Foster Farms Dairy has agreed to buy Humboldt Creamery‘s Fernbridge and Stockton, Calif. plants pending bankruptcy court approval or a higher bid. The company is the largest privately owned dairy in the state, milking more than 5,000 cows a week at its five dairies. Foster Farms’ bid and plan to operate the company would have to be … Read More
Humboldt Creamery Files for Bankruptcy Protection
Humboldt Creamery has filed for bankruptcy protection just two months after former CEO Rich Ghilarducci scandalized the company by revealing its finances weren’t as sweet as they seemed. The bankruptcy will make it possible for the creamery to keep operating, but it could also tear it from the hands of its member farmers. The company’s $50 million to $100 million … Read More