ID Access learned from industry sources that the $400 million broadliner began bankruptcy proceedings. A source inside the company confirmed that the distributorship has, in fact, initiated bankruptcy proceedings. However, calls to Stefansen and other executives were not answered nor returned.
Metropolitan Provisions, which was affiliated with DMA and UniPro, had serviced 6,000 accounts in California, Arizona, Nevada, New Mexico, Utah, Colorado, the Pacific Rim and Mexico.
(See the Feb.
27 edition of ID Report