Bakery leaves bankruptcy - Omaha.com
Published Tuesday, March 20, 2012 at 5:54 am / Updated at 5:55 am
Bakery leaves bankruptcy

BEATRICE, Neb. (AP) — Beatrice Bakery Co., the maker of Grandma’s Fruitcake, has left bankruptcy.

Company CEO Greg Leech said the company was in its best financial shape in years.

Before the bankruptcy, Beatrice Bakery had been featured on the Food Network’s “Unwrapped” program and ABC’s “The View.”

Leech said the company was forced into Chapter 11 bankruptcy last July because of a lawsuit by a shareholder. That shareholder and others had lent the company money that wasn’t being repaid.

Leech said efforts to make the company more financially stable included minimal workforce cuts.

The original Grandma’s Fruitcake remains a key product, but Beatrice Bakery has added to its line liqueur cakes, artisan cakes, breakfast breads and kosher cakes, as well as all-natural and no-sugar-added products.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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