In respect of SKB’s Chapter 11 goals, the Schmidt Declaration states, “On or about November 3, 2018, the Receiver engaged the Gordian Group, LLC (‘Gordian’) to market and sale the Debtor’s assets. Pursuant to such engagement, Gordian has marketed the Debtor’s assets, solicited and received bids, and has engaged in continuing negotiations with potential purchasers. As a result of the efforts, the Debtor has received certain bids for the purchase of the Debtor’s assets. The Debtor, with the aid of counsel and Gordian, is in the process of selecting a lead bidder and negotiating definitive documentation for a stalking horse transaction. The Debtor filed this bankruptcy case, in part, to ensure its ability to consummate such a transaction and intends to move quickly to do so.”
“God Bless America” and “People Love Beef”
SKB was founded by Sam Kane (born Kanengiesser in Spisske Podhradie, Czechoslovakia), a one-time rabbinical student turned resistance hero, almost completey by chance. In 1949, on his way out of town in search of greener pastures, the then plumber’s assistant took some advice from a ticket agent at the bus terminal, “Check out the vacancy for butcher at the grocery store.” The rest of Sam’s life became Texas-sized legend for the Czech resistance fighter who at 98 lbs once gnawed at a cowhide he found in the snow and survived two years fighting the Nazis while losing his entire family to the holocaust. Kane, who went from gnawing cowhide to owning one of the world’s largest meat packers lived by two simple mottos, “God bless America” and “People love beef.”
In May 2013, the business (then managed by Sam’s son Jerry Kane; Sam lived into his 90’s) was sold to a group of Texas ranchers and cattlemen who subsequently onsold SKB to its current owners, a subsidiary of South American dairy operator The Fernandez Group, in December 2015.
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