McClatchy Newspapers
CHARLOTTE, N.C. — A group led by a California auction company cast the winning bid in a bankruptcy auction for the North Carolina assets of chicken processor Townsend.
San Francisco-based Rabin Worldwide led a group that made a high bid of $5.36 million at a recent auction. Rabin expects to close on the property, which includes plants in Pittsboro, Siler City and Mocksville, within the next few weeks.
The sale will bring an end to Ukrainian billionaire Oleg Bakhmatyuk’s disastrous attempt to enter the U.S. poultry industry. Bakhmatyuk, the majority owner of. . .
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