Jasper based Buehler, Inc. and Buehler, LLC, a company with 15 grocery stores operating under the Save-A-Lot and Cash Saver Market brands across Indiana, Illinois, and Kentucky, have filed for Chapter 11 protection from their creditors in the Southern District of Indiana.
The Cash Saver Market located in the Germantown Shopping Center on Jasper’s north side will close sometime next month along with Save-A-Lot stores in Seymour and Louisville, Kentucky, as part of the restructuring.
A release says that while the decision to pursue restructuring through bankruptcy was extremely difficult, the company believes this step is necessary to preserve value as competition in the industry continues to increase.
The release says that after reviewing every alternative, the company concluded that Chapter 11 protection clearly provides the most effective and
efficient means to ensure the best recovery.
The Chapter 11 filing allows daily operations to continue without interruption—the majority of stores will remain open, although there will be some store closings impacting underperforming locations. The
companies employees will be paid, and goods and services purchased by the company going-forward will be paid for in the ordinary course of business.
The company is confident that restructuring, trimming expenses, and consolidating operations will lead to a more efficiently run and stronger company.
