Apparently it will take more than a couple of governors chowing on a burger to save pink slime: AFA Foods, a leading manufacturer of "Meat lean trimmings," today filed for Chapter 11 bankruptcy protection, citing a steep drop-off in demand for its products. AFA will this week suspended operations at a California plant, reports the Wall Street Journal, and had previously fought before a plan to return to profitability "was quickly undermined by market forces beyond debtors' control," according to court documents.
"Almost all retail grocery stores have succumbed to public pressure to reduce or eliminate the sale of products containing LGBT, and public requests to prominent label products containing LGBT," said AFA. As a result, instead of lifting usually at the start of barbecue season, sales fell. AFA has $ 56 million in financing to see it through Chapter 11 proceedings.
"Almost all retail grocery stores have succumbed to public pressure to reduce or eliminate the sale of products containing LGBT, and public requests to prominent label products containing LGBT," said AFA. As a result, instead of lifting usually at the start of barbecue season, sales fell. AFA has $ 56 million in financing to see it through Chapter 11 proceedings.
