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Auction extended in Kane Beef sale

Posted at 5:04 PM, Feb 06, 2019
and last updated 2019-02-06 18:04:09-05

More than 700 Kane Beef employees will have to wait at least one more day to find out what will happen to the company.

A scheduled auction to sell the company started today in Houston, but has been continued until Thursday at 4 p.m.

Judge Richard Schmidt, the attorney appointed to oversee operations at the plant says the auction is going well so far.

A deal to sell Kane Beef fell through last week and since then, most of the company’s 750 employees have been furloughed.