Allens vegetable cannery has notified state officials that it could shut down its plant in Sampson County and lay off 300 employees in February.
The Arizona-based company, which has been paring operations for several years, declared Chapter 11 bankruptcy in October and is in the midst of a corporate restructuring.
The company filed a notice last week with the N.C. Department of Commerce, saying that employees at its plant in the town of Turkey could lose their jobs.
The 87-year-old company’s brands include Allens, Royal Prince, Sugary Sam, Popeye Spinach, Princella and Freshlike.
The company lists more than $100 million in debt and is seeking a buyer for its frozen vegetable business. It reached an agreement with Seneca Foods earlier this month for Seneca to buy its operating assets, but the deal is subject to the approval of the bankruptcy court, according to The Associated Press.