Auction planned for Florida shrimp farm


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...............................

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