Total crisis in Granja Tres Arroyos: the largest company in the group requested the opening of bankruptcy proceedings

The process is under file COM 018558/2026 and fell to Commercial Court 21 – Secretariat No. 42 of the National Chamber of Commercial Appeals.

In this way, the flagship company of the De Grazia family appeared before the national commercial justice system, just days after having done the same. WADE (ex Cresta Roja)another of the companies in the group’s corporate network.

According to Central Bank records, Granja Tres Arroyos SA has 6,702 rejected checks for $114,425,499,637 and bank debts for $41,827,673,000.

The request to open the bankruptcy proceedings comes as a result of the serious financial and productive situation that the group has been going through for more than a year and given the impossibility of restructuring its liabilities with creditors, which according to estimates, exceeds US$350 million.

It is worth mentioning that the bulk of its plants are paralyzed or working below their installed capacity and an adjustment process that led to the dismissal of almost 25% of its staffwhich reached 6,500 workers.

As Clarín reported, in the last two weeks laid off 700 employees from the Capitán Sarmiento plant, 450 from Esteban Echeverría (WADE II) and 50 from Pilar. Added to this are almost 480 workers in Concepción del Uruguay, Entre Ríos.

To date, mandatory conciliation is still in force in the province of Buenos Aires, which ordered the reinstatement of the 1,200 disaffected workers. It expires this Thursday, at which time a new hearing will be held between provincial officials, the unions and the company. The measure can be extended for five more days.

At this meeting, the representatives of Granja Tres Arroyos had informed the Union of Food Industry Workers of the Province of Buenos Aires (STIA) and the Union of Rural Workers and Stevedores (Uatre) that WADE had requested entry into a preventive bankruptcy proceedings before the “very serious economic, productive and financial crisis” that the group was going through, in pursuit of “safeguarding the continuity of the company and as many sources of work as possible for a gradual reactivation.” At that time, the chances of Granja Tres Arroyo SA doing the same were great.

As recorded in the dismissal telegrams, the company argued that it recorded “a serious decrease in work not attributable to this employer, caused by extraordinary circumstances beyond its control that directly and substantially affected the normal development of its activity.”

Among the “extraordinary circumstances”the company names the avian flu and the consequent closure of exports, an oversupply in the domestic market, a drop in the marketing price and an increase in costs, which led to “a profound deterioration in the economic, financial and productive situation of the company.”

Added to this were “successive operational contingencies and collective conflicts that affected the normal development of the activity, deepening the decrease in production and work levels, with the consequent worsening of the existing economic imbalance.”

The company maintained that it tried to take measures to “preserve the continuity of exploitation and the greatest number of sources of work,” but that they “were insufficient, making the partial restructuring of its organization and the adaptation of its staffing essential.”