Credit: Handout
A sustainable food company with a large facility in Falls Township has filed for Chapter 11 bankruptcy protection.
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Do Good Foods and related companies filed for Chapter 11 bankruptcy on Friday, June 16.
The Bedminster, New Jersey-based firm stated in the filings that estimated assets and liabilities were as much as $500 million, according to Fortune magazine.
Do Good Foods’ ownership is the Kamine family, who also own Kamine Development Corp. The Kamine family is known for their involvement in developing, constructing, and investing in sustainable initiatives.
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In the past, Do Good Foods received a $169 million investment from Nuveen, an asset management company.
The filing gives Do Good Foods the ability to continue operations and put forth a plan to the court to repay those it owes.
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The Philadelphia Business Journal reported Do Good Foods flagship production facility on Canal Road in the Fairless Hills section of Falls Township will maintain regular operations.
Do Good Foods has operated its $170 million facility in Falls Township for several years. It recently announced it plans to expand with more facilities.
The company’s chicken can be purchased at Giant Food Stores, Acme Markets, ShopRite, and Target. Do Good Foods began selling its chicken in the Philadelphia market in spring 2022.
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The Falls Township facility can convert 160 tons of food waste each day into feed for the chickens they grow and harvest with contracted farms.
Do Good Chicken has said in the past that they take food waste from grocery stores and divert it to their Falls Township facility. There, they convert it into feed for chicken.
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The company states the process saves four pounds of food waste with each chicken that eats its feed, saving approximately three pounds of greenhouse gases.
Politico reported in 2021 that the company aims to price “for the many, not for the few.”
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Do Good Chicken sells its meat at prices cheaper than organic chicken, but higher than most chicken on store shelves.
The chickens sold by the brand have no antibiotics, hormones, or steroids.
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