Saladworks filed for Chapter 11 bankruptcy protection on Tuesday in the U.S. Bankruptcy Court in Wilmington, Del.
"Saladworks has determined that the best way to maximize value for its stakeholders is through a sale or recapitalization," the company said in a release. "To ensure the most efficient process possible and to optimize the potential results for all parties, the company has determined to conduct its restructuring process under the supervision of the U.S. Bankruptcy Court."
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