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Founded in 1979 and based on Oklahoma City, the Company is a processor of premium quality meats including beef, pork, and poultry. Production is centered around portioned controlled USDA-graded beef, pork, and poultry meat proteins, Bacon Wrapped filets, and related ready-to-cook products for grocers and food service operators.
Due to several unexpected, one-time issues in FY 2014, management was forced to take on various high-interest debt instruments.
Over the years, servicing the debt has become a major constraint, limiting the Company`s growth and making it extremely challenging to fund working capital needs and meet strict vendor requirements.
By the summer of 2018, the Company was in urgent need of cash to maintain service to its customers and management decided to raise additional debt that came with ultra-high interest rates.
Currently, the Company is looking to refinance its credit facilities and raise additional capital to implement various strategic initiatives that will fuel the company`s growth going forward. Management is also open to selling a majority stake if it found the right strategic partner.
Additional information, including a short business overview and detailed historical as well as projected financials, is available upon request.
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