Reply #6: whoa hold up a second [View All]

H and H meats at one time was the Hispanic owned business of the year and got all kinds of contracts to cook mre's, this company went into a downward spiral WAAAAAYYYYY before the economy took a dive, H and H filed for bankruptcy itself 4 years ago


heres an article http://www.themonitor.com/news/mercedes-7832--.html?orderby=TimeStampAscending&oncommentsPage=1&showRecommendedOnly=0




In an unrelated case, Carlos Hinojosa, Liborio’s brother, was accused in 1999 of an investment scheme to cheat Texas investors. That case was later settled for more than $4.4 million.

Eyebrows also were raised after Rubén Hinojosa introduced his son, Rubén Hinojosa Jr., to promote H&H to a group of Chinese business leaders in July 2000 during a videoconference from the University of Texas-Pan American. The dialogue had ostensibly been organized as a way to try to get Chinese companies to buy products from South Texas firms.


Federal contracts that brought millions in yearly revenue in 2000 and from 2003 to 2006 dried up. The Department of Agriculture awarded the company some $19 million during those years while Rubén Hinojosa was in Congress. Hinojosa stepped away from the operations of the business when he was first elected to office in 1996, but retained shareholder status.

Other shareholders - U.S. Rep. Rubén Hinojosa, Rene Hinojosa and Jaime Hinojosa - will each make cash infusions of $170,000 to retain their shareholder status.


The trouble began with the mad cow disease scare about 10 years ago, crippling sales and forcing the company to venture into processed instead of fresh foods, the court records state. The company's financial problems only grew worse as it took on more short-term debt to try to offset the losses and help with the transition, Campero said.