Skip to content
Subscriber Only

AFA Foods Files Bankruptcy Citing ‘Pink Slime’ Coverage

AFA Foods, a ground-beef processor owned by Yucaipa Cos., sought bankruptcy court protection with a plan to sell some assets after media coverage of “pink slime” cut demand for its products.

The company, based in King of Prussia, Pennsylvania, listed assets of $219 million and debt of $197 million in Chapter 11 papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware.