Would you like to receive local news notifications on your desktop?
Auction extended in Kane Beef sale
Posted: 5:03 PM, Feb 06, 2019
Updated: 2019-02-06 18:03:48-05
More than 700 Kane Beef employees will have to wait at least one more day to find out what will happen to the company.
A scheduled auction to sell the company started today in Houston, but has been continued until Thursday at 4 p.m.
Judge Richard Schmidt, the attorney appointed to oversee operations at the plant says the auction is going well so far.
A deal to sell Kane Beef fell through last week and since then, most of the company’s 750 employees have been furloughed.
Copyright 2020 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.