North Island Mussel Processors put into receivership by Sanford, Sealord

Wed, 05 Sep 2012

Sept. 5 (BusinessDesk) - North Island Mussel Processors is being placed in receivership after the owner of its one-third shareholder, Greenshell Investments, failed to pay $1.2 million in processing fees and associated debt. North Island Mussel made the headlines in 2009 when it adopted the world's first automated mussel-opening machine at its Tauranga plant, a $23 million expansion that was opened by Prime Minister John Key. Listed fishing company Sanford and Sealord Group, which own the remaining two third of North Island Mussel, will work...

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