CTI Foods completes financial restructuring, emerges from Chapter 11
CTI Foods is a custom foodservice manufacturer supplying U.S. restaurant chains and branded food companies.
CTI Foods, Meridian, Idaho, completed its financial restructuring and emerged from Chapter 11.
“Today marks the beginning of the next chapter for CTI Foods as an even stronger company,” says Mike Buccheri, president and CEO. “Through this process and with the support of our new sponsors, we have improved our capital structure and significantly reduced our debt. CTI Foods is now well positioned to build on our core business through increased investments in innovation, product development and food safety. As always, we will continue to focus on CTI’s core mission of delivering exceptional custom foods and culinary solutions to drive our customers’ growth goals.”