Archway Files For Bankruptcy

Archway Files For Bankruptcy

The maker of Archway and Salerno cookies said the company, crumbling under rising prices for raw ingredients, has halted operations and filed for bankruptcy.

The Michigan-based company maintains a distribution center in Mokena's Corporate Corridors business park. Information wasn't available Wednesday about how many employees were affected by the company's shutdown.

In its bankruptcy filing, Archway & Mother's Cookie Co. listed assets in excess of $50 million and liabilities of more than $500 million. The company said it had hired Jeffrey Granger as chief restructuring officer, but it wasn't clear whether Archway's brands or manufacturing operations would be sold.

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