NEWS
Puratone Files Bankruptcy
Fri Sep 14, 2012 10:35 AM CDT

WINNIPEG, Manitoba (Dow Jones) -- Puratone, one of the three largest hog producers in Manitoba, has filed for creditor protection, making it the second major hog company in western Canada to run into problems this week, following Big Sky Farms in Saskatchewan.

The Court of Queen's Bench has granted Puratone protection from creditors for 30 days, according to reports. During that time, the company must come up with a plan for dealing with its creditors and restructuring.

"We have streamlined operations significantly over the course of the past 24 months to minimize the cash-flow burdens associated with operating in this ...

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