Bankrupt Grain Seller Pipeline Foods in Dire Need of Buyer

Pipeline Foods LLC, a Minnesota-based food ingredient supplier, is teetering on the brink of liquidation while it searches for a rescuer in bankruptcy.

Pipeline sells specialty ingredients like organic corn and wheat to manufacturers, international trading groups and consumer packaged goods companies, court papers show. But the Covid-19 pandemic squeezed Pipeline’s customers, hampering demand for its products and resulting in a Chapter 11 bankruptcy filing last week.

The company has enlisted the help of boutique investment bank Ocean Park to sound out buyers, Mark Minuti of Saul Ewing Arnstein & Lehr said on behalf of Pipeline in a court ...