ORLANDO-Hoping a name change will erase the public's memory of Mid-Florida Freezer Warehouses Ltd.'s Federal conviction in a 30-year tainted juice scheme, Chesapeake Logistics Inc. of Tampa, FL is buying the assets of the Port Canaveral, FL firm for $31 million. Port Canaveral is 60 miles east of Downtown.
The Tampa firm is in its due diligence period prior to an expected year-end closing on the deal. Chesapeake owner Greg Hughes has a $100,000 deposit riding on the transaction.
Patrick T. Lee, managing partner of Mid-Florida Freezer, is negotiating the contract with Chesapeaker. Lee faces up to 10 years in prison for participating in the scheme to defraud the US Customs Service by concealing and later selling contaminated fruit juices.
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