Dietz & Watson To Build $50M Complex In Tacony

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

Cold-cuts maker Dietz & Watson will build a $50 million, 200,000 square-foot trucking and distribution center on a large tract between the company’s Tacony Street headquarters and the old Frankford Arsenal on the Delaware River, Gov. Corbett and Mayor Nutter confirmed this morning.

The deal was first reported from industry and city sources June 18 in The Inquirer.

The center will employ 110 who will pack and ship Dietz & Watson and Black Bear-brand meats and cheeses. Another 50 or more jobs will be created as the facility expands, Corbett said in a statement.

Read more at http://www.philly.com/philly/business/20140625_Dietz___Watson_to_build__50M_complex_in_Tacony.html#pcbr39xshytokp7S.99

AFA Foods In King Of Prussia Declares Bankruptcy

Ground beef in industrial grinder

Ground beef in industrial grinder (Photo credit: Wikipedia)

NEW YORK (AP) – Ground beef processor AFA Foods said Monday that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as “pink slime” derailed its efforts to save its already struggling business.

A spokesman said in an email that the company does not rely on boneless lean beef trimmings and uses it only based on customer specifications. But he said the controversy over the ammonia-treated meat filler has dramatically reduced demand for all ground beef products.

AFA Foods, based in King of Prussia, Pa., processes more than 500 million pounds of ground beef products a year. It distributes to retailers including Wal-Mart Stores Inc., Safeway Inc. and BJ’s Wholesale Club. Fast-food chain customers include Burger King, Jack in the Box and Wendy’s.

Read more: http://business-news.thestreet.com/the-times-herald/story/afa-foods-king-prussia-declares-bankruptcy/1