The fate of poultry processor Zacky Farms is back up in the air after a Zacky family trust backed out of its bid to buy the troubled company in a bankruptcy auction.
Pitman Family Farms in Sanger appears poised to take over Zacky — which could signal big changes for one of the nation's largest turkey producers. Those changes could include how the birds are raised and processed and how many workers are needed to do the job.
In court records filed Thursday with the U.S. District Bankruptcy Court in Sacramento, attorneys for the company reported that the Robert D. and Lillian D. Zacky Trust "decided it would not go forward with the sale at the present time."
With its bid of $31.6 million, the Zacky Trust was deemed the winning bidder for the company at a bankruptcy auction held last week in San Francisco. The Zacky Trust bid included provisions that nearly all of Zacky Farms' 1,000 or more employees would keep their jobs, and would have kept the company in the hands of its founder's descendants.
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