The entire assets of the largest vertically integrated shrimp farm in Belize are for immediate sale. Nova Companies (Belize) Ltd. and Ambergris Aquaculture Ltd. became under the receivership early January 2007, and the receiver is now inviting parties interested in acquiring the assets to contact him for the information package and site visit.

Nova Companies (Belize) Ltd. is a shrimp farm located in Ladyville, Belize about 13 miles north of Belize City. The total property consists of approximately 5,000 acres of land, of which approximately 2200 acres are ponds that have been used for semi-intensive shrimp production. The shrimp ponds are divided into about 100 individual earthen ponds ranging from 5-30 acres with an average of 25 acres. The property also contains a 38,000 square feet processing facility with a freezer and an electric generator. Some of the other notable structures include an office building, a mechanical shop/feed storage, workshops, a laboratory/conference and training building, supervisor’s quarters, worker’s quarters, two manager residences, etc

Ambergris Aquaculture Ltd. is a separate hatchery operation located in Ambergris Cay. The area is called Basil Jones which is located on the east coast of Ambergris Cay about 13 miles north of San Pedro, Belize. The hatchery operation sits on approximately 9 acres of land and has numerous buildings with a total floor area of about 65,000 square feet, a generator, a worker’s dormitory, etc

The International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO) provided a $9.5 million financing to the company in 1998 to help the company expand its operations. However, the company has faced a number of difficulties in recent years, including depressed prices for shrimp. In 2006, the company’s management made extensive efforts, in coordination with IFC and FMO, to revitalize and turn around the company. Following a cash-constrained year of operations, the company was recently forced to suspend operations

IFC and FMO expect the shrimp farm emerge from this process as a competitive farm with a sustainable business without old debts, providing a positive contribution to the surrounding community and the economy of Belize

Interested parties should visit the web site (www.novashrimpfarmforsale.com) and contact the receiver, Mr. Robert S. Garcia, at +501 225 2820 (office), +501 621 5133 (cell), or by email rsgarcia@novashrimpfarmforsale.com for more information.