Pet Food Firm Asks Chapter 11 Shelter
- Share via
SANTA ANA — egional pet-supplies distributor with 175 full- and part-time employees has filed for protection from creditors while it reorganizes its finances.
Aquarium Supplies Unlimited, an Anaheim wholesale distributor of pet foods and supplies, listed $15.5 million in assets and $14.1 million in liabilities in its Chapter 11 filing last week in U.S. Bankruptcy Court in Santa Ana. The company, which also does business as Pet America (not related to a Fullerton pet store of the same name) blamed its woes on the recession and the loss of a major account that began selling directly to retailers.
A financial adviser retained to help newly hired Chief Executive Officer Richard Corrado reorganize the company said that no layoffs are anticipated.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
