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Granja Tres Arroyos files for bankruptcy amid US$350.9 million debt
Granja Tres Arroyos, once Argentina's largest poultry company, has filed for preventive bankruptcy to reorganize its financial obligations. The filing was formally processed through Wade SA, a company within the group controlled by the De Grazia family.
The group is facing an estimated debt of US$350.9 million. The move follows failed private restructuring attempts that had proposed debt haircuts of up to 75% and repayment terms spanning seven years. The company's operational decline has been marked by plant closures and mass layoffs, totaling approximately 1,730 workers since late 2024.
The crisis has had significant social impact, particularly in Capitán Sarmiento, where the suspension of operations at a major plant led to over 700 dismissals. In response to the escalating conflict, the Buenos Aires Ministry of Labor has mandated a 15-day period of compulsory conciliation, ordering the reinstatement of certain workers while negotiations continue.
Entities
Capitán Sarmiento · De Grazia family · Granja Tres Arroyos · Ministerio de Trabajo de la Provincia de Buenos Aires · Ministry of Labor of Buenos Aires · Valo · Wade SA
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The Buenos Aires Ministry of Labor ordered a 15-day mandatory conciliation period to halt dismissals. hoydia.com.ar
- [● 3 SOURCES] The company has dismissed approximately 1,730 employees since the crisis began in late 2024. diariosanrafael.com.ar · hoydia.com.ar · tn.com.ar
- [● 3 SOURCES] Granja Tres Arroyos has filed for preventive bankruptcy (concurso preventivo) to reorganize its debts. pilardetodos.com.ar · diariosanrafael.com.ar · tn.com.ar
- [● 3 SOURCES] The group faces an estimated total debt of US$350.9 million. pilardetodos.com.ar · diariosanrafael.com.ar · tn.com.ar
- [● 3 SOURCES] Wade SA, a company within the Granja Tres Arroyos group, led the formal bankruptcy filing. pilardetodos.com.ar · diariosanrafael.com.ar · tn.com.ar