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Middletown Bertucci’s Remains Open As Company Files for Chapter 11 Bankruptcy

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Tom Sofield
The Bertucci’s in Middletown on Tuesday morning.
Credit: Tom Sofield/LevittownNow.com

An Italian and brick oven pizza chain with a location by the Oxford Valley Mall in Middletown has filed for Chapter 11 bankruptcy.

Bertucci’s filed paperwork Monday Monday as part of a move to restructure the company and allow for what the Massachusetts-based chain calls “future growth.”

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Bertucci’s closed a number of locations Monday, including one in Warrington, as part of their financial restructuring. They are keeping 59 locations in business. As of Tuesday, the Bensalem, Middletown, and Upper Moreland locations remained listed as open.

They submitted all documents needed for filing bankruptcy. According to documents filed in federal bankruptcy court in Delaware, the company lists just under $120 million in debt.

“Today’s filing is expected to be seamless for Bertucci’s guests, trading partners and vendors, and result in minimal disruption to its operations, allowing us to strengthen the company’s financial structure and position it for significant future growth,” said Bertucci’s CEO Brian Wright.

Right Lane Dough Acquisitions LLC is Bertucci’s “stalking horse” bidder. Right Lane Dough Acquisitions has made an offer to purchase the chain and also set the bar for bids by other parties interested in the chain.

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Bertucci’s was founded in 1981 and is headquartered in Boston. The company employs 4,200 workers, mostly part-timers.

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Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.