ID NEWS: Fleming PACA creditors owed nearly $25 million

Perhaps as many as 150 produce suppliers may be owed payments by Lewisville, TX-based The Fleming Companies, which has filed for Chapter 11 bankruptcy protection (ID web news April 4, 2003).

The leading wholesale-grocer owes nearly $25 million to PACA (Perishable Agricultural Commodities Act) Trust creditors, according to The Packer, a produce industry newspaper. This figure is topped only by $26.7 million in PACA claims in 2000, when AmeriServe Food Distribution, the nation's biggest systems house, closed its doors, the trade paper notes.


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