Former Live Lobster properties auctioned for $2.5M
Two seafood processing companies based out-of-state are making a bet on a shuttered plant in Gouldsboro, the former site of Live Lobster Co., which was auctioned for $900,000 Wednesday.
Thomas Saturley, president of the Portland-based Tranzon Auction Properties, who conducted Wednesday's auction at TD Bank's behest, told Mainebiz that David Garbo, head of the Groton, Conn.-based Garbo Lobster, submitted the winning bid in a very lively auction. Garbo has another seafood processing plant about 20 miles away in Hancock.
The Bangor Daily News reported Michael Tourkistas, head of East Coast Seafood, is teaming up with Garbo to reopen the former Live Lobster facility, which closed in March after less than a year of operation as a lobster-processing plant. Garbo told the BDN that the plant will need investment, something he plans to get in part through state and federal assistance and grants and loans.
The plant previously housed the Stinson sardine cannery, which was owned by Bumble Bee Foods until 2010, when it was purchased by Live Lobster Co. and soon ran into financial trouble. In the summer of 2011, the company had 70 employees working at the plant.
Tranzon also sold on Wednesday afternoon Live Lobster's dock and buying station in Stonington. Saturley told Mainebiz that Tony Ramos, owner of Granites of America in Smithfield, R.I., submitted the winning $1.6 million bid.
A lease on a commercial wharf in Phippsburg previously held by Live Lobster is set to be auctioned off today.
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