11/2/2010 – Focus Appointed to Agri-Best Holdings and Agri-Best Properties, LLC
Tampa, FL, November 2, 2010 - Focus Management Group, a nationwide business restructuring firm, has been appointed as Financial Advisor to Agri-Best Holdings, LLC and Agri-Best Properties, LLC (collectively doing business as “Protein Solutions”), under an order entered by the United States Bankruptcy Court for the Northern District of Illinois. Protein Solutions, a processor and distributor of meat products for the restaurant industry, voluntarily filed a Chapter 11 petition to wind down its business in an orderly fashion on October 5, 2010.
Focus Management Group is providing Protein Solutions with advisory services in the preparation and management of its Chapter 11 case and is assisting the Company in arranging for an orderly disposition of its assets through the bankruptcy process. Focus is also assisting Protein Solutions in the preparation of SOFAs, Schedules and Monthly Operating Reports and providing a broad range of financial reporting, consulting and advisory services as required.
Overseeing Protein Solutions through the Chapter 11 process is Focus Management Group’s Managing Director, Sam Williams. Williams is a turnaround manager and restructuring specialist with over twenty-five years of leadership experience in Chapter 11 reorganizations, financial restructurings, operational turnarounds and distressed business sales. Williams is based out of the firm’s Chicago office and can be reached at 773-724-2082 or via email at s.williams@focusmg.com.
Prior to filing, Protein Solutions was a leading value-added processor and distributor of portion control meat products to national restaurant chains, food distributors, and consumers. Operating from its state-of-the-art facility in Chicago, Illinois, the company offered robust processing capabilities and expertise, enabling it to provide a broad array of custom beef, pork, and poultry products to its customers.
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