Spring reopening for FBO facility
At a public auction attended by around 40 bidders in
However, the figure is far less than the $160 million owed to the bank by the FBO operation, which called in the liquidators in September (For previous stories, use leatherbiz.com search facility, entering ‘FBO’ in search box).
The bank has appointed Chicago-based Creekstone Farms to run the facility. Best known-for its pure-bred Angus beef, Creekstone says it plans to reopen the plant this spring, providing employment for around 500 people.
