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Salad chain files for Chapter 11 bankruptcy protection

Saladworks location
Source: Saladworks

Tossed salad chain Saladworks LLC has filed for bankruptcy protection Tuesday as it seeks "to address pending litigation and facilitate a sale or restructuring transaction."

During the Chapter 11 reorganization, the company expects normal day-to-day operations to continue.

To maximize shareholder value, the company wants to sell itself or recapitalize.

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Launched in 1986, the made-to-order salad brand has more than 100 domestic and international locations. More than 80 are currently in development.