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Live Lobster Co. buys Maine cannery

Associated Press / August 5, 2010

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PORTLAND, Maine — The nation’s last full-time sardine cannery is being given a second life four months after it closed with a company agreeing to buy it and operate it as a lobster-processing facility.

Bumble Bee Foods LLC said it had agreed to sell the former Stinson Seafood plant in Prospect Harbor to Live Lobster Co. of Chelsea, Mass.

Live Lobster expects to create up to 40 jobs in the first year and 120 within two years. The plant at first will be used to buy and sell lobsters, with lobster-processing operations beginning next year.

The sales price was not disclosed.