Allens Inc., a maker of canned and frozen vegetables in business since 1926, filed for bankruptcy, seeking to sell some divisions or reorganize as a new company, Bloomberg News reported yesterday. The company listed more than $100 million in debt and assets in its chapter 11 filing. The family-owned business began as Allen Canning Co. near Siloam Springs, Ark. Allens said it intends to keep operating its core canned-vegetables business while reorganizing. It has a commitment from lenders for a bankruptcy loan, and said it is going explore selling all or part of its business and the possibility of exiting bankruptcy as a standalone company.
