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Maker of Salerno, Archway cookies goes bankrupt
Chicago Sun-Times ^ | Oct. 9, 2008 | MIKE NOLAN

Posted on 10/09/2008 7:03:23 PM PDT by ConservativeMind

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.

"Like many other companies, Mother's Cake & Cookie Co. and Archway Cookies LLC have not been immune to the challenging economic environment, and have been operating at a loss due largely to the significant increases in raw material costs and the record high fuel costs across the country," Granger said Monday.

After reviewing all its options, Chapter 11 "was the only course of action" for the company, he said.

Founded in 1936 in Battle Creek, Mich., Archway had previously been owned by Deerfield-based Specialty Foods Corp. According to a company profile, variations of Archway's famous oatmeal cookie had accounted for 40 percent of overall sales.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bankruptcy; cookies
There were threads mentioning the Mother's Cookie Company going under. This is also part of that, unfortunately.

My grandmother had this old, earthenware light green cookie jar which she kept either Archway oatmeal cookies or Archway fruit-centered cookies in. It was the first thing we'd rush to at night after we pulled into her driveway from our long trip.

My wife and I just went out and picked up a few packages of these. It may be the last time we will have them.

1 posted on 10/09/2008 7:03:24 PM PDT by ConservativeMind
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To: ConservativeMind

Archway Cookies are awesome! Lemon cookies, soft chocolate cookies, ginger... I hope the company can pull out of Chapter 11.


2 posted on 10/09/2008 7:06:49 PM PDT by JoeA (JoeA / attention John McCain: this space available)
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To: ConservativeMind

Crap! I really like Archway cookies. Oh well, I suppose my stomach girth will be the better without them.


3 posted on 10/09/2008 7:07:36 PM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: ConservativeMind

This sucks.

4 posted on 10/09/2008 7:09:34 PM PDT by BGHater (The GOP, the new DNC.)
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To: ConservativeMind

I was in Chelsea Michigan yesterday and was surprised at how large the Jiffy Mix plant there has grown.


5 posted on 10/09/2008 7:09:59 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: ConservativeMind

Great. Now I’m stuck with melamine-laced foreign cookies from China! What exactly do we still make here in the good ol’ USA?


6 posted on 10/09/2008 7:10:27 PM PDT by CitizenUSA (Voting proudly for GOVERNOR Palin for VP!)
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To: BGHater

LOL


7 posted on 10/09/2008 7:10:58 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: CitizenUSA

My first thought was that they must not have been buying those fine melamine ingredients from China.


8 posted on 10/09/2008 7:12:18 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: ConservativeMind

I’ll look for some tomorrow. I loved their soft Molasses cookies & at Christmas, they made special, decorated cookies. Gosh, I’m going to miss those.


9 posted on 10/09/2008 7:12:52 PM PDT by Molly Pitcher (We are Americans...the sons and daughters of liberty...*.from FReeper the Real fifi*))
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To: cripplecreek

Probably not. Most likely it’s hard to be competitive in a global economy when your competitors don’t play by the same rules (like making stuff to eat that doesn’t kill or hurt the customer). It also doesn’t help that the US Congress is helping to prop up sugar prices to protect a favored special interest at the expense of others.


10 posted on 10/09/2008 7:14:39 PM PDT by CitizenUSA (Voting proudly for GOVERNOR Palin for VP!)
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To: CitizenUSA
" What exactly do we still make here in the good ol’ USA?"

Do nothing, helpless victims.

11 posted on 10/09/2008 7:16:31 PM PDT by blam
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To: ConservativeMind

Sorry, but Archway cookies are crap. Just like most of the stuff on the shelves from the major brands. The cookies baked on site are always much better.


12 posted on 10/09/2008 7:17:47 PM PDT by LenS
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To: ConservativeMind

damn,, I’m gonna miss the windmill and ginger cookies most.


13 posted on 10/09/2008 7:18:12 PM PDT by NormsRevenge (Semper Fi ... Godspeed ... Donate to FR ... Capitol Switchboard: (202) 224-3121)
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To: ConservativeMind
assets in excess of $50 million and liabilities of more than $500 million.

Good grief, was there no adult in charge?

14 posted on 10/09/2008 7:18:22 PM PDT by razorback-bert (Save the planet...it is the only known one with beer!)
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To: ConservativeMind
The maker of Archway and Salerno cookies said the company,
crumbling under rising prices for raw ingredients, has halted operations
and filed for bankruptcy.


Thank G-d my father went peacefully to his reward in January.
Hearing that Archway went under and he couldn't keep getting
their Ginger Snaps...that would have killed him!

Now I'm going to run off to the store and get at least a couple
of the remaining packs for my brother.
And try to get him a prescription for anti-depressants when he
finishes off those Ginger Snaps.
You know, those addiction things often run in families!!!
(I'm being facetious...a little bit!)
15 posted on 10/09/2008 7:23:37 PM PDT by VOA
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To: CitizenUSA

Homemade???


16 posted on 10/09/2008 7:24:40 PM PDT by goodnesswins (Socialism is great until you run out of someone else's money (M. Thatcher))
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To: NormsRevenge

Oh, I LOVE those windmill cookies, the ones with the thin almond slices. Yum!


17 posted on 10/09/2008 7:26:17 PM PDT by CitizenUSA (Voting proudly for GOVERNOR Palin for VP!)
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To: BGHater

Hey, I resemble that Cookie Monster!

My parents give thanks that I at least get some healthy food in
the form of tomatoes.
In spaghetti sauce, barbaque sauce and cocktail sauce!!!


18 posted on 10/09/2008 7:27:19 PM PDT by VOA
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To: VOA

Ah yes. The Reagan model. Ketchup is a vegetable. It has worked for me.


19 posted on 10/09/2008 7:29:27 PM PDT by BGHater (The GOP, the new DNC.)
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To: CitizenUSA

I love their Christmas cookies (will NObama make me say “holiday” cookies?).
Maybe we will have Muzzie cookies, “Odinga’s”!!!!!


20 posted on 10/09/2008 7:29:58 PM PDT by oiler (Reagan Republicans Unite!!!!! "Not gonna forget. Not gonna forgive." I'm MAD TOO Palin/Jindal 2012)
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To: blam

People need to get up off their ass,go to the kitchen and bake their own cookies.It’s easy and a whole lot cheaper too.


21 posted on 10/09/2008 7:30:52 PM PDT by Farmer Dean (168 grains of instant conflict resolution)
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To: razorback-bert

I presume much of the problem is the huge increase in ag prices from making subsidized ethanol instead of things to eat. The prices for grains are up as are the prices for grain derived products like corn based sweeteners. The food market must not have born them increasing their prices enough to compensate. Not to mention US manufacturers can’t switch from suddenly expensive corn based sweeteners to sugar because of the artificially high price of sugar government maintains to prop up the uncompetitive sugar cane farmers in the southern US. Also note I write this an anti-ethanol Iowan!


22 posted on 10/09/2008 7:32:37 PM PDT by JohnBovenmyer
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To: ConservativeMind
One of my best friends is the grand daughter of “Mother” of Mothers Cookies. The story goes that “Mother” would bake the cookies and her husband would take them around on the horse and flatbed for sales and delivery. Through the wars it grew to a respectable confectionery company . When my friend's father took over the business, he modernized it and expanded the business east of the Rockies and finally sold it in the 80’s.

Our families were the ones who built up the bay area. Now it's a wreck. Sad times....

23 posted on 10/09/2008 7:34:15 PM PDT by freeagle
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To: ConservativeMind

Archway fruit-filled are the best!

Oh, and in December, the Pfeferneuse!


24 posted on 10/09/2008 7:34:56 PM PDT by Petronski (Please pray for the success of McCain and Palin. Every day, whenever you pray.)
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To: CitizenUSA

What exactly do we still make here in the good ol’ USA?


Bankruptcies.


25 posted on 10/09/2008 7:47:56 PM PDT by FFranco
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To: ConservativeMind

“YOU! You buy our China cookie or DIE!”


26 posted on 10/09/2008 7:48:13 PM PDT by LiberConservative ("Typical" white guy voting McCain/Palin)
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To: VOA
The maker of Archway and Salerno cookies said the company, crumbling under rising prices for raw ingredients, has halted operations and filed for bankruptcy.

That's the way the cookie company crumbles.

27 posted on 10/09/2008 8:46:01 PM PDT by eggman (Obama is now The Zero. He used to be The One but he added The Negative One=Joe Biden.)
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To: JoeA

Achway and Salerno cookies are back at most Roundy stores for the Holiday season anyway.


28 posted on 11/16/2009 8:09:54 PM PST by greytoyota1
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