Based in Alesund, western Norway, Seafarmers was one of many companies trying out its hand at mussel farming around the turn of the century.
The venture is owned by the family business Pyrofabrikken.
However, with money running out, the owners have now decided to end the project.
In 2010, the company made no operating earnings and profit before tax ended at a loss of NOK 2.8 million (€355,752/$503,997). From 2000 until 2010, the company has accumulated total losses before tax of NOK 40 million (€5.1