Sunland Peanuts Files Motion to Sell Company

By Aaron Langston

Published 02/10 2014 05:08PM

Updated 02/10 2014 09:59PM

PORTALES -- The bankruptcy trustee for Sunland Peanuts has filed a motion for the court to approve the sale of the company.

According to the document filed last month, he is asking the court to approve the sale for $18.5-million to a California company.

Ready Roast Nut Company was the highest bidder for the company.

A hearing is set for next month for a federal bankruptcy judge to make a decision.

There is no word if ready roast has plans to re-open the Portales plant.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.