Bankrupt Peach Giant Prima Wawona Undergoes Liquidation, Preps Layoffs
January 16, 2024 | 1 min to read
Bankrupt peach giant Prima Wawona is undergoing liquidation after failing to achieve a satisfactory auction value. The company disclosed in bankruptcy court last month that it has initiated this process and aims to proceed swiftly. The backstory reveals that Prima Wawona filed for Chapter 11 bankruptcy last October, just four years after acquiring Gerawan Packing, which had made it the nation's largest peach farmer.
Bankrupt peach giant Prima Wawona is being liquidated after not receiving a high enough value through the auction process.
Prima Wawona said in bankruptcy court last month that it has started the liquidation process and is looking to move forward expeditiously.
The backstory: Prima Wawona filed for Chapter 11 bankruptcy last October just four years after acquiring Gerawan Packing to become the nation’s largest peach farmer.
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