|Published:||Sep 26, 2012 3:28 PM EDT|
|Updated:||Sep 27, 2012 6:31 AM EDT|
GOULDSBORO, Maine (AP) - The building that housed the nation's last full-time sardine cannery and was later turned into a lobster-processing plant has been sold at auction to the owner of a Connecticut-based lobster company.
Tranzon Auction Properties says Dave Garbo, the owner of Garbo Lobster, had the high bid of $900,000 for the plant and a pier.
The plant was auctioned after the previous owner, Massachusetts-based Live Lobster Co., defaulted on a loan. Live Lobster's other Maine assets, a wharf in Stonington and a lease on a pier in Phippsburg, are also being auctioned.
The auctions were ordered by TD Bank, which sued last spring claiming Live Lobster owed it $3.4 million.
Live Lobster bought the former Stinson Seafood cannery after it closed in 2010. Live Lobster shut down operations in March.