date:Apr 01, 2013
We are pleased to announce the United States Bankruptcy Court in Arizona approved the sale of substantially all of the assets of EuroFresh Farms to NatureSweets subsidiary, Zona Acquisition Company, LLC., said Bryant Ambelang, CEO of NatureSweet. This was concluded though an asset auction process known as a 363 sale, which allows a company filing for bankruptcy to market its assets to bidders. The auction follows our late January 2013 announcement of our intent to acquire EuroFresh Farms assets