Maine Eel Producer American Unagi Enters Bankruptcy to Seek Restructuring and Possible Sale
Maine-based eel producer, American Unagi, filed for Chapter 11 protection in the US Bankruptcy Court for the District of Maine on September 29.
Sara Rademaker, American Unagi founder and CEO, told RASTech Magazine that the decision was made to “preserve the value of the business while it looks to transition to new ownership.”
“We’ve obtained financing and the Chapter 11 process will allow us to realign our financial structure with the strong operational foundation we’ve built, giving the company the opportunity to attract new...
To Read Full Story Login Below.