SSI Group Holding Corp. (d/b/a Souper Salad & Grandy's) Creditors' Committee Appointed, Selects Counsel

The United States Trustee filed a notice with the Delaware bankruptcy court today which identified the creditors that have been appointed to the Official Committee of Unsecured Creditors in the chapter 11 bankruptcy cases of SSI Group Holding Corp. and its affiliates.  The companies operate the Souper Salad and Grandy's chains of restaurants and are owned by private equity firms Sun Capital Partners Inc. and Summit Investment Management LLC.  The companies hope to use the bankruptcy cases to sell their Grandy's chain to an affiliate of Sun Capital Partners (or a higher bidder) and to sell their Souper Salad chain to a to-be-determined buyer (no stalking horse bidder has been identified).

Details of the Committee after the jump.

The members of the Creditors' Committee are:

• The Coca-Cola Company (Atlanta, Georgia)
• Accel Networks, LLC (St. Petersburg, Florida)
• Pyro Brand Development, LLC (Dallas, Texas)
• DDR Corp. (Beechwood, Ohio)
• Glazier Foods Company, Inc. (Houston, Texas)
• Valassis, Inc. (Windsor, Connecticut)
• Performance Food Group, Inc. d/b/a Vistar Corporation (Centennial, Colorado)

According to a notice of appearance filed later in the day, the Creditors' Committee has selected the law firm of Pachulski Stang Ziehl & Jones LLP as its counsel.  Attorneys in the firm's Los Angeles, California and Wilmington, Delaware offices are listed as representing the Committee.

Copies of court filings from these bankruptcy cases can be accessed by visiting our website: http://www.chapter11cases.com/SSI-Group-Holding-Corpdba-Souper-Salad-Grandys_c_28689.html