Dunkirk-based ice cream manufacturer Fieldbrook Farms filed a petition Friday to be recognized under Chapter 11 in U.S. Bankruptcy Court. The company plans to continue operating without interruption.
Fieldbrook Farms employs 405 people and manufactures retail and regional brands for distribution in more than 30,000 retail outlets.
Spokesman Tom Drohan said a general slowdown in the economy, repercussions from the closing of a company plant in Georgia and the skyrocketing cost of ice cream ingredients, most notably milk fat, factored into the financial difficulty.
Drohan said the company's filing had the full support of its lenders and investors who are supporting new financing.
Fieldbrook Farms acquired the assets of Dunkirk Ice Cream in 1996.