Denver meat processing company Boulder Natural Meats has filed for Chapter 11 bankruptcy protection.
The firm, operating as Bolder Enterprises LLC, lists assets between $1 million and $10 million and owes creditors between $1 million and $10 million.
It is located at 4600 Joliet St. just south of the Rocky Mountain Arsenal National Wildlife Refuge, according to its website.
“Bolder Enterprises entered into a financial restructure process using Chapter 11 as part of the restructure. The primary reason for doing this is consolidation and restructuring of debt,” CEO Chad Anderson said in an email. “The need to do this was driven by expanding our business into new facilities and adding capabilities to better serve our customers in 2017. We are optimistic that we will be able to continue serving our customers for many years to come both during our restructure and well after our restructure is complete.”
Boulder Natural Meats was founded in 1985. It started selling chicken from local Colorado farmers in 2012, claiming its chickens eat a vegetarian diet and are not given antibiotics, steroids or hormones. The company introduced beef in 2015, according to its website.
Boulder Natural Meats sources its chickens from farms near Platteville, LaSalle and Elizabeth.
In 2015, the company recalled 3,600 pounds of beef, chicken and pork products for not declaring milk as an ingredient, according to a USDA news release.
According to bankruptcy filings, Boulder Natural Meats owes its landlord $40,000, Eastern Quality Foods $400,000 and Connecticut-based North South Foods $860,000, in addition to 17 other creditors.
The company is not the first natural food business in the metro area to restructure.
Jeffrey Weinman of Weinman & Associates is representing Boulder Natural Meats in their bankruptcy. He did not return requests for comment.