Formica Bros. Bakery Files For Chapter 7 Bankruptcy Protection

Atlantic City landmark Formica Bros. Bakery has filed for Chapter 7 bankruptcy. Owners say the situation came about as the result of two serious workplace injuries that resulted in lawsuits and an amputation, reports the Press of Atlantic City. Still, 67 of the bakery’s 71 employees will keep their jobs and there is a new lease agreement in place. Formica got up and running in 1919 and is celebrating its centennial this year.

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