During Connors Bros. Income Fund second quarter financial review, executives said production at Castleberry’s is stable and performing to expectations.
A year ago, the Augusta plant shut down due to a recall for botulism poisoning in its chili sauce. The recall cost the income fund more than $35 million.
Sales of Castleberry products have not yet recovered, reported chief executive Chris Lischewski.
“We still have not regained distribution at our largest customer, which is Wal-Mart,” Mr. Lischewski said this morning.
The firm is doing fine financially because sales of its seafood products is covering the losses in the meat division.
A review of the meat division continues. Mr. Lischewski said the firm was aiming to have that review done by now, but it is a complex process. He said a report on whether to keep the meat division – which also includes poultry marketed through Bumble Bee Foods – should be ready for board review some time in the next three months.