File photo of immature peaches on a tree in California’s San Joaquin Valley. (GomezDavid/iStock/Getty Images)

Major U.S. peach producer files for bankruptcy to pursue sale

Setbacks have included salmonella, fires, heavy debts

New York | Reuters — Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection in Delaware on Friday. The company, owned by private equity firm Paine Schwartz Partners, has about $679 million in debt, and plans to sell its […] Read more