Sale of bankrupt processor Blue Harvest set to close in December

With no company formally contesting the sale of Bregal-backed US East Coast whitefish harvesting and processing company Blue Harvest to C&P Trawlers earlier this month, the deal is set to close in December, according to a trustee for Blue Harvest.

Companies objecting to the bankruptcy sale had until Nov. 10 to challenge a recent Delaware bankruptcy court auction of Blue Harvest's assets. C&P Trawlers submitted the highest bid of $12 million (€11.2 million) for the assets of bankrupt Blue Harvest, narrowly beating out the O'Hara Corporation.