Mustard Capital Now in Receivership
Written by Glenda Lee Allan
Monday, 07 May 2012
Friday marked the last day of work for employees at Mustard Capital Inc.
The mustard processing facility opened its doors in 2007 in Gravelbourg, and then made the decision last year to expand its operations with a plant at Vanguard. Expansion cost overruns at the Vanguard plant resulted in financial difficulties for the plant.
In February, MCI announced plans to seek financial reorganization and debt restructuring, unfortunately, the company was unable to find a buyer and is now in receivership.
MCI had developed a key niche in the industry with a number of international sales.