Operations at Schwebel's to end, according to court filing
The Schwebel Baking Company’s efforts to find a new buyer have failed, and the company will halt operations. The news came out of an hourlong telephone status conference this morning with U.S. District Judge David A. Ruiz in U.S. District Court, Youngstown. “Extensive discussion occurred,” according to minutes of the proceeding released by the court. “Notably, Defendant’s discussions with a potential buyer have come to a close, and the company is proceeding with a wind-down of its operations. “In addition, a secured creditor of Defendant just filed a lawsuit seeking to ...
