Quantum Foods LLC, a Bolingbrook-based meat supplier, is looking at liquidating its business after attempts to find a buyer fell through.
The company, which filed for Chapter 11 bankruptcy protection in February, supplies raw and precooked meat products to restaurants and the military.
It had an agreement with Raging Bull Acquisition Co. LLC to buy its assets for $54 million in cash plus the assumption of $30 million in liabilities, but that turned sour in recent weeks. Raging Bull is a subsidiary of Los Angeles-based Oaktree Capital Management LP.
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