Prima Wawona, the largest producer of stone fruit, has filed for chapter 11 bankruptcy protection with hopes of selling the business, KMPH.com reported. The company says that it is currently looking into a third-party sale or conversion of existing lender debt into equity ownership. Prima Wawona has also filed for court approval to continue operations, including payment of wages and benefits for more than 8,000 employees. The company says it also intends to pay vendors for the goods and services provided on or after the filing date.
