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Live Lobster Owner Scouting for Funding

Written by  Jacqueline Weaver Wednesday, April 04, 2012 at 12:43 pm

GOULDSBORO — The owner of Live Lobster Co. Inc., which suspended operations at its Prospect Harbor lobster processing plant March 23, hopes to be in business again this summer, according to a company executive.

TD Bank froze the checking accounts of the Chelsea, Mass.-based seafood company March 23. The action affects Live Lobster businesses in Massachusetts, Maine and Canada.

Live Lobster’s vice president of operations, Toni Lilienthal, said company President Antonio Bussone has been working to free up funding.

“They’re still working on getting the accounts unfrozen,” she said Tuesday. “There are several companies that are interested in helping us out.”

Asked if the companies were banks or seafood processors, she said, “both.”

“Antonio said it’s going to be rough going, but we’ll be back buying lobsters in June,” said Lilienthal. “He feels badly he can’t pay our people.”

Bussone was not immediately available for comment.

For more business news, pick up a copy of The Ellsworth American.

Jacqueline Weaver

Jacqueline Weaver

Jacqueline Weaver covers the eastern Hancock County towns of Lamoine through Gouldsboro as well as Steuben in Washington County. A New Hampshire native, she has vacationed in Maine for 25 years and has been with The American for three.

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