In November, Prime Tanning became Maine’s third tannery to file for bankruptcy protection in the past decade. Under Chapter 11, the company reorganised after closing its Berwick plant and selling another plant in Missouri. The company cited liabilities of $10 million. Legal costs relating the their former plant in Missouri are also cited as major reason for the company’s financial situation.
Tasman Indistries, which emerged as a suitor during bankruptcy proceedings, processes 140,000 cattle hides per week at 12 processing facilities around the world.
