/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Food & Drink

New Food Classics, the company behind the E. coli recalls, in the middle of bankruptcy proceedings

By Stephen Spencer Davis
Copy link

Lost in much of the talk about E. coli-laced burgers (and confusion over what, exactly, a steakette is), was the news that New Food Classics, the Burlington meat processor behind the recall, is in the middle of bankruptcy proceedings. While many of the company’s products have been flagged for potential contamination, that’s only a small portion of what they’re struggling with. The Hamilton Spectator reports that the company has closed an office in Calgary and plants in St. Catharines and Saskatoon, and sought creditor protection before looking for a buyer to bail it out. Of the 22 would-be bidders, only one actually made an offer after seeing the company’s statements. So is it just the bad meat that’s dragging the company down? Hardly. The Spectator says bankruptcy documents indicate that “the company was hobbling as its beef and energy costs climbed in 2010 and 2011 while it was locked into price contracts with customers such as Loblaw, Metro, Sobeys, Walmart and food supply giant Sysco Canada.” In case that doesn’t make the situation clear enough, when the Spec sought comment from NFC yesterday, they didn’t hear back. The phones lines might have been busy all day—but they might have simply been disconnected. Read the entire story [The Hamilton Spectator] »

NEVER MISS A TORONTO LIFE STORY

Sign up for Table Talk, our free newsletter with essential food and drink stories.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

Big Stories

Dancing Queens: Patrons, staff and performers share their wildest memories of Crews and Tangos, Toronto’s most storied drag bar
Deep Dives

Dancing Queens: Patrons, staff and performers share their wildest memories of Crews and Tangos, Toronto’s most storied drag bar

Inside the Latest Issue

Inside the Latest Issue

The April issue of Toronto Life features the anatomy of a Bay Street fiasco at RBC. Plus, our obsessive coverage of everything that matters now in the city.