Industrial Pasta Maker Carla’s Files Chapter 11 Bankruptcy

Carla’s Pasta Inc. filed for Chapter 11 bankruptcy in Connecticut on Monday.

• The pasta maker listed assets of as much as $50m and liabilities of as much as $100m in its bankruptcy petition
• The family-owned business, based in Connecticut, owes nearly $38m under three financing arrangements, court papers show
• Carla’s products include pasta sheets, tortellini and steam bag meals for branded and private label retail, food service distributors and restaurants, per court papers
• Chief Restructuring Officer Sandeep Gupta pins the company’s distress on Covid-19’s impact on restaurants, loss of large customers, operational issues and “legacy obligations” tied to a construction ...