MACHIAS, Maine — A New Hampshire company will acquire Cobscook Bay Co., which makes all-natural seafood pies, officials for both businesses disclosed Thursday.
Craig’s All Natural, based in Durham, N.H., will buy a majority interest in the Trescott seafood business, which is affiliated with the Cobscook Community Learning Center. Craig’s specializes in all-natural gourmet seafood products using New England recipes and already offers various Maine seafood products. Terms of the pending deal were not disclosed.
Craig Rief, president of the New Hampshire company, and Alan Furth, executive director of the learning center, appeared before the Washington County Commission on Thursday as Furth sought to modify terms of county financing which the company obtained earlier through the Tax Increment Financing program. The TIF program, administered by the Sunrise County Economic Council, provides grants and loans to help start or expand businesses in the unorganized territory.
The commission voted 3-0 to approve the request, but its approval includes language that would require the financing to be revisited if the Cobscook Bay Co. processing plant is moved outside the designated territory.
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