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Potential Live Lobster Plant Buyers Tour Facility

Written by  Jacqueline Weaver Tuesday, September 11, 2012 at 4:02 pm

GOULDSBORO — About a dozen interested parties toured the Live Lobster Co. plant Sept. 11 in advance of an auction scheduled for 10:30 a.m. on Sept. 26.

Mike Carey, vice president of Tranzon Auction Properties, said the auction in the village of Prospect Harbor will be followed by an auction at the Live Lobster facility in Stonington at 3 p.m.

The company’s assets in Phippsburg will be auctioned the following day at 11 a.m., he said.

The auction is advertised as “lender ordered,” which means a bank is requiring the sale to liquidate assets and pay back the debt.

Live Lobster, which is based in Chelsea, Mass., purchased the plant in the spring of 2011 and began processing lobsters in late July.

TD Bank froze the company’s checking accounts March 23, effectively shutting the business down.

TD Bank said Live Lobster had put up all of its businesses in Maine and Massachusetts as collateral for a $4-million revolving line of credit.

Among those who attended the morning preview in Prospect Harbor Sept. 11 were Pete Daley of Garbo Lobster in Hancock, Fred Robinson of Thomaston and Bob Stanley of Milbridge, who said they were interested in lobster processing; William Atwood, former owner of William Atwood Lobster Co. on Spruce Head Island; Brian and Kathy Charboneau of Florida, who said they also were looking at the Stonington facility for seafood purposes; Michel Jacob of New Brunswick, Canada, who said he might help finance a purchase; Chris Byers and Dwight Rodgers of D.C. Air & Seafood Inc. in Winter Harbor; Neil Zarella of Boston Lobster Co., who said he might be interested in some of the equipment, and Joel Butler, a real estate developer from Holden who said he would be interested in changing the property to another use, which he declined to specify.

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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