Auction planned for Florida shrimp farm

(09/12/17)

after financing deal not reached

The assets of US-based shrimp farm Florida Organic Aquaculture and a subsidiary, Sustainable Aquaculture Initiative, will be sold off in an Oct. 3 bankruptcy auction. 

The auction, held under the supervision of a West Palm Beach, Florida, bankruptcy court, will be convened by Equity Partners HG, an investment banking firm that specializes in small and medium-sized companies "in transition". 

In a press release, Equity Partners said that Fellsmere, Florida-based Florida Organic "focused their research on alternative shrimp dietary approaches and developing...............................


Click here to read the rest of this article:
https://www.undercurrentnews.com/