Maui Pine auction has good prices
KAHULUI ยป Maui Land & Pineapple Co. auctioned off a $23 million fresh fruit processing line for just $125,000.
Company President Ryan Churchill didn’t expect many bidders for the equipment because it is so specialized.
The auction held Tuesday at the Maui Beach Hotel drew more than 300 bargain hunters, with many more bidders online.
Maui Pine held the auction to sell off warehouses full of equipment after closing Maui’s last pineapple plantation late last year.
The company already has sold or leased some of its land and equipment to Haliimaile Pineapple Co. Haliimaile is trying to revive pineapple on a smaller scale.
