21 April 2019

US firm comes unstuck with Chinese honey, WSJ says

United States-based honey supplier Groeb Farms Inc. filed for bankruptcy protection Tuesday after it was caught illegally buying Chinese honey through other countries to avoid anti-dumping tariffs imposed by US trade regulators in 2001, the Wall Street Journal reported on Wednesday. Executives placed the 76-worker company under Chapter 11 protection in the US Bankruptcy Court in Detroit, saying that its US$2 million settlement with regulators required it “to dispose of any and all Chinese-origin honey in its possession”, the report said. The bankruptcy is meant to allow Groeb Farms to continue operating while it reorganizes its operations, chief financial officer Jack Irvin Jr. was quoted as saying in court papers.

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