Eurofresh officials state in the motion that the company, which specializes in growing tomatoes and cucumbers, has been in default since late 2010. In 2012 they began looking for a buyer.
In the summer of 2012 Eurofresh representatives contacted 54 potential bidders. They negotiated confidentiality agreements with 31 of them.
Eurofresh narrowed the field to eight and had “detailed calls and meetings,” which resulted in four entities submitting bids. Ultimately those four bidders declined to continue the process, according to Eurofresh court filings.
In September 2012 another bid from a “confidential strategic party” looked like it was going to work out. However, in November 2012 that party sent a letter terminating its intent, Eurofresh officials said in court documents.