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Article: Meyer's name gone from last bakeries.
- Article from:
- Arkansas Business
- Article date:
- April 4, 2005
- Author:
CopyrightCOPYRIGHT 2005 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ON MARCH 17, A BANKruptcy judge approved the sale of the last pieces of Meyer's Bakeries Inc. of Hope, ending the 94-year history of a pioneering company that started to crumble after it was sold to a New York investment firm in 1999.
Four of the company's former vice presidents blamed the collapse of Meyer's Bakeries on Ripplewood Partners LP's management, which they said ruined the family-owned business that introduced the brown-and-serve rolls that became a staple of American dinner tables.
"The short-term focus of the Ripplewood directors on resale of the company excluded attention to critical research and development, maintenance and operations ...