KTIV NewsChannel 4 Sioux City IA: News, Weather and SportsTechnicality holds up sale of Iowa slaughterhouse
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Associated Press - July 15, 2009 6:24 PM ET
POSTVILLE, Iowa (AP) - A technicality has held up the sale of a struggling kosher slaughterhouse in northeast Iowa, but the trustee charged with overseeing the plant is confident the sale will be completed soon.
Agriprocessors, Inc. bankruptcy trustee Joe Sarachek says a technical issue concerning the way the sale was drawn up stopped Judge Paul J. Kilburg from approving the sale Wednesday in U.S. Bankruptcy Court in Cedar Rapids. But Sarachek says a new agreement could be submitted to Kilburg by Thursday.
The $8.5 million sale of the Agriprocessors plant in Postville to SHF Industries would end months of uncertainty for the town of Postville, which has endured a series of setbacks that began with a huge immigration raid at the plant last year.
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