The company based in Bouctouche has been an important source of work for this town. (Photo: Mills Seafood)
New Brunswick processor forced into liquidation
CANADA
Saturday, January 14, 2017, 02:00 (GMT + 9)
Seafood processor and exporter, Mills Seafood, is under receivership and forced to liquidate due to money owed to 75 creditors.
According to George Kinsman, a trustee with Ernst and Young, the seafood company owes CAD 1.5 million (USD 1.14 million) and it went into bankrupcy earlier this month.
The company based in Bouctouche, a Canadian town in Kent County, New Brunswick, had 100 employed people that are now uncertain about their future.
Bouctouche's economy suffered a significant blow earlier in January when the judicial decision was known, as Mills Seafood was an essential job provider for the community during decades, CBC News informed.
Ernst and Young will be selling the company's assets to the highest bidder.
Until a buyer is determined, the fate of the staff will be unclear.
For his part, Bouctouche's Mayor Roland Fougere said he had been notified of what was going on and has been trying to get to the bottom of it for his constituents.
"We are still trying to find out what happened here and what caused the company to close their doors," the official explained.
editorial@seafood.media
www.seafood.media
|