H&H Foods owes more than $9 million to Valley businesses – Texas

Local businesses that are owed money by H&H Foods said Monday they hope H&H can continue operating under Chapter 11 bankruptcy reorganization.

H&H owes substantial sums, about $2.7 million, to two Valley banks, Texas State Bank and Rio Bank in McAllen. Federal banking law prohibits the banks from commenting on their customers.
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H&H Foods, one of the largest businesses in the Valley, manufacturers chorizo and other prepared food products. It was founded in 1947 and has had as many as 350 employees as late as 1995.

For years, H&H Foods was a model story for local and national Hispanic businesses. It garnered several state and national awards and claimed $40 million in yearly revenues in 2005, according to Hispanic Business magazine.”*

*From: www.brownsvilleherald.com
Traducido: usando Google o Altavista/Babel Fish

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