After 83 years, West Coast Wet Fish Processor, State Fish, to close doors
Eighty-three-year-old US wet fish catcher and processor State Fish will close its doors in the near future after a family dispute and unsuccessful restructuring effort has turned into a liquidation of the company’s remaining assets. Difficult conditions in the wet fish industry in recent years have compounded the company’s problems. Tough times were exacerbated by the family litigation. John, who owned the land for one of the company’s facility’s raised the rent of the State Fish’s plant by 50% in 2005, and — following the company’s objection to the rent increase — proceeded to attempt to evict the company from the plant. Read the rest here 13:39
Leave a Reply