Overview
- SanCor, which filed late Wednesday, submitted its own bankruptcy petition to Judge Marcelo Germán Gelcich in Rafaela after failing to stabilize under court-supervised reorganization.
- Court records show about US$120 million in verified liabilities with 1,519 analyzed claims out of 2,702, and key creditors include the tax agency ARCA and international investment funds.
- The dairy owes roughly eight months of wages and year-end bonuses, and the Atilra union confirmed the filing and said it has been covering health benefits because company contributions stopped.
- The company has called an extraordinary assembly for April 30 in Sunchales to address the steps taken, while unions back a bankruptcy-with-continuity option and interested buyers are watching the docket.
- SanCor’s long slide includes output falling from about 4 million liters of milk per day to under 500,000–700,000, multiple plant closures, and a partial court intervention in December 2025 that installed co-administrator Lucila Inés Prono.