date:Mar 19, 2014
Ready Roast offer was $11.5 million for the plant and $7 million for the inventory, an amount that could be reduced if the inventory estimate is off. Sunlands inventory consists of raw peanuts and some processed peanut butter.
Auction bidders are required to post a $500,000 bond, and bidding will be in $50,000 increments. Bankruptcy Judge David Thuma has scheduled a hearing on Friday for the purpose of accepting or rejecting the winning bid.
Watching with interest how the auction comes out wil