Humboldt Creamery is expected to make public later this week a plan to reorganize the company in order to ensure future operation.
Imbalances in the company’s books are said to be material and significant, according to interim CEO Len Mayer, to such an extant that the creamery’s prospects will be threatened without help from the banks.
With nearly 60 percent of Humboldt’s dairies selling to Humboldt Creamery, industry experts weighed in on the 80-year-old cooperative’s vital role in the community, and the impact a creamery collapse would have on the county.
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Tags: Humboldt Creamery, Organic Milk
