FULL STATEMENT: Buehler Inc. Responds to Bankruptcy & Cash Saver Closing

By: David Shepherd, News Director / Anchor 

JASPER -- Buehler Inc. has released a statement regarding its bankruptcy filings and the announced closure of the Cash Saver Market on Jasper’s north side. 

This is the second bankruptcy this week to take a toll on the Jasper community and workforce.  On Monday, Sears Holdings filed for bankruptcy and announced over 100 store closings nationwide, including the Jasper Kmart, which is owned by Sears Holdings.

The Jasper Sears is an independently owned “hometown” store which is not impacted by the Sears Bankruptcy.

See Buehler Inc.’s full statement below on Thursday’s bankruptcy announcement…. 

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 Buehler, Inc. and Buehler, LLC, Indiana-based companies with 15 grocery stores operating across Indiana, Illinois, and Kentucky, have filed for Chapter 11 protection from their creditors in the Southern District of Indiana.

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. 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.  

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