Neptune Industries, Inc. had diversified interests in aquaculture technology, food science, sustainable seafood, and related natural and organic food products. Neptune’s business focus was to integrate related food businesses to create value through operational and product synergy, and cost reduction, as well as to provide new technology to solve industry bottlenecks.
Through its operating and research subsidiaries, Neptune’s goal was to provide cutting edge, eco-friendly technology and bio-technology solutions to increase production of natural and organic products, and dietary ingredients. The removal and utilization of fish wastes for plant production, fertilizers, energy generation, and recycling by-products of processing to create high quality feed ingredients were key components of the integrated production cycle.
In February 2009, Neptune Industries was the target of an involuntary bankruptcy petition. Three claims – filed Feb. 13 of the same year by Arms Reach Fisheries of Fort Lauderdale, Sandor Capital Master Fund of Dallas, and noteholder Charles Landahl Jr. of Steamboat Springs, Colo. – total $870,000.