Processors’ assets sold

CARIBOU — The assets of two former vegetable processing plants in Caribou have been sold.

All the equipment except what was necessary to retain freezing capacity in the former L&S Sales Inc. building was bought by Northland Frozen Foods of Fort Kent for $85,000, according to Charles Mercer, director of marketing and communications for the Finance Authority of Maine.

John Cancelarich, chief executive officer of Colby Cooperative Co., confirmed Wednesday that the remaining Colby assets had been sold to Interstate Food Processing Corp. of Fort Fairfield for several hundred thousand dollars. About 90 percent of the sale price paid back taxes while the rest paid off smaller expenses, he said.

The four Colby buildings, located in the A.E. Staley complex in Caribou, included a freezer building and two Quonset huts, Cancelarich said.