Future Beef closes its doors
After months of uncertainty, the high profile Future Beef Operations (FBO) facility in Arkansas City, Kansas, has closed its doors and is now widely expected to be liquidated.
The final sad chapter in the brief history of the plant, which started operations just one year ago, was opened on August 1 when its trustees filed with the US Bankruptcy Court in Denver to start liquidation proceedings. The company had previously filed for Chapter 11 bankruptcy protection, as a number of contractors pursued it for unpaid debts. (See also leatherbiz.com news search facility, ref: Future Beef).