Posted at: 06/19/2013 8:24 PM
Updated at: 06/19/2013 8:49 PM
(ABC 6 News) -- The Austin Packaging Company now has a new owner. Bellisio Foods based out of Minneapolis has won the auction for the company.
They paid $6.1 million dollars but will also assume another $279,000 in liabilities.
As we've reported, APC closed down its frozen pizza division in March laying off half its employees. Bellisio says they are looking to expand production capacities, but it's unknown if they'll hire any of the laid off workers back.
A judge still has to approve the deal.
To learn more about Bellisio Foods, click here.