Tessemae’s, a Baltimore-based organic salad dressing maker, has filed for Chapter 11 bankruptcy to restructure debts and stop what it called costly and distracting litigation by a former lender. The seller of dressings and condiments sold at dozens of national and regional retailers filed a voluntary petition for bankruptcy reorganization Wednesday in U.S. Bankruptcy Court in Baltimore. The filing lists liabilities in a range of $10 million to $50 million. The Chapter 11 process will allow the manufacturer to preserve its assets, obtain new capital to fulfill customer demand and stop litigation, the company said.
Tessemae’s, Baltimore-based organic salad dressing maker, files for Chapter 11 bankruptcy
February 2, 2023