Manning Beef | Real Estate + Meatpacker - Chapter 11 Bankruptcy Sale Location: Pico Rivera, CA Real Estate: Owned Real Estate: +High Land-to-Building Ratio: *The 3.74-acre (162,914 SF) site has only 41,544 SF of building area, offering significant upside for higher-density industrial development. +Compliant, Flexible Zoning: *Zoned IPD: Industrial Planned Development, allowing a wide range of industrial uses (e.g., warehousing, manufacturing, R&D, mini-storage) without rezoning. +Favorable Physical Site Characteristics *Regular square shape *Level topography at street grade *Frontage on three streets *Good access and visibility *All public utilities available . Reason for Selling: Chapter 11 Bankruptcy Sale Business Website: https://tinyurl.com/manningbeef Business Information: As the last beef meatpacking facility in Los Angeles County, the Debtors benefit from regional demand, no direct competition within 400 miles, and prime logistics. With a capacity of 1,250 cattle per week, it serves a diverse customer base through long-standing partnerships and maintains a strong international export presence. With ~$1B in lifetime sales, the Debtors have demonstrated a history of profitability, generating ~$60mm in average net revenue (21/22) and ~$8.7mm in adjusted EBITDA (21/22). The Debtors also own and operate from valuable real estate appraised at ~$21mm, with a favorable land-to-building ratio and key easements. ------------------------------------ Information for Potential Bidders: Thank you for your interest in the forthcoming sale of assets in connection with the Debtors’ Chapter 11 bankruptcy case. The Debtors intend to pursue a court-supervised sale process under Section 363 of the U.S. Bankruptcy Code, which is designed to ensure a transparent and competitive transaction that maximizes value for stakeholders. At this time, the Debtors have not yet designated a stalking horse bidder. We are actively engaging with interested parties and encourage early discussions with those who may wish to play that role. Once a stalking horse is selected, the Debtors will file a motion seeking approval of the stalking horse agreement and the related bid procedures, which will govern the auction and sale process. What Is a Stalking Horse Bidder? A stalking horse bidder is the first bidder to sign a purchase agreement for some or all of the Debtors’ assets. That bid establishes a floor price and serves as the baseline against which other potential bids are measured in a subsequent auction. Only parties that submit Qualified Bids will be permitted to participate in the auction. Auction (if necessary) If more than one Qualified Bid is received, the Debtors will conduct a live auction in accordance with the court-approved bidding procedures. Bidders will have the opportunity to improve their bids in real-time. The Debtors, in consultation with their advisors and certain key stakeholders, will determine the highest or otherwise best offer for the assets. Court Approval & Closing The auction results will be presented to the Bankruptcy Court for approval at a Sale Hearing. The sale is not final until it is approved by the court. Once approved, the winning bidder will proceed to close the transaction under the terms of the finalized APA. Next Steps If you are interested in submitting a stalking horse proposal or participating in the process as a potential bidder, please contact Force 10, the Debtors’ advisors. Interested parties must agree to an NDA before entering the virtual data room. Early engagement allows the opportunity to influence deal terms, shape the bidding procedures, and position yourself competitively in the process. Force 10 will provide additional materials, including access to the data room, a draft purchase agreement, and a confidential information memorandum (CIM) upon executing a confidentiality agreement (NDA). For more information: https://tinyurl.com/manningbeef