Staff discovered an indication on the crops’ doorways saying monetary belongings had been frozen.
Again in November 2019, baked items producer The Muffin Mam introduced the opening of a brand new, 100,000-square-foot bakery plant in Laurens, South Carolina that regarded to develop the corporate’s buyer base and capabilities.
Two years later, the plant has abruptly closed, a lot to the shock of its 200-plus staff there.
Native information stories stated that workers discovered an indication on the ability’s doorways on Nov. 9 saying the plant was closed as a result of its financial institution had frozen the corporate’s belongings and account.
A number of workers there advised WYFF Information that staff got two letters by the corporate days earlier, one dated Nov. 8 saying the plant would shut on Jan. 7 of subsequent 12 months, and one other a day later saying the plant was closing instantly.
On Nov. 10, the corporate issued an emailed assertion explaining the closure, primarily citing the continued impacts of COVID-19 on its skill to carry out financially.
Muffin Mam stated preliminary lockdowns damage revenues, adopted by dwindled out there expert labor, after which the current provide chain disruptions and speedy rising prices have been the ultimate blows that led its board’s determination to stop operations.
Additionally on Nov. 10, the corporate filed for chapter 7 chapter within the US Chapter Court docket for the District of South Carolina. Its submitting exhibits that Muffin Mam owes virtually 6 million {dollars} to 189 collectors, together with particular person money owed of $600,000 to Atlantic Corp; $591,400 to Hardman Distribution; and $382,750 to Inventive Baking Options. In the meantime, the submitting acknowledged firm belongings of lower than $50,000.
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