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'Mothballed' Bakery May Bake Again.

The venerable Koehler Bakery in Sherwood may be saved after facing bankruptcy and all but closing during the past few months.

"We've been dealing, and we have signed a letter of intent with a company," company president Bob Koehler said last week.

The 80-year-old bakery at 5902 Warden Road is facing massive debt and numerous lawsuits from creditors and the state Employment Security Division for non-payment of unemployment taxes.

The staff has dwindled to a "mothball" crew, Koehler said. The only part of the baking company that once shipped products to a multi-state region is the retail store, he said.

The buyer, whom Koehler declined to name, wants to close the deal by May 6, Koehler said.

"It would be a good deal, a lot of jobs," he said.
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Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 12, 2001
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