Powered by

Letter from Delaware: Fried funds

Oct 09, 2013 - The Deal Pipeline
Mergers and Acquisitions-Bankruptcy

Powdered egg product maker Nutriom LLChopes to return its business to the sunny side after an inability to service its secured debt led it to file for Chapter 11.

The company's scrambled finances include $950,000 owed toCommunity State Bank, $4.88 million due to South Sound Bank and $500,000 owed to Export-Import Bank of the U.S., court papers show.

Nutriom claims it has invented a way of drying eggs to "keep all of their fresh flavor and functionality."

The company's OvaEasy ...