PORTLAND PRESS HERALD • October 21, 2025
American Unagi, the Waldoboro company that grows baby eels to size and supports a lucrative fishery in Maine, is for sale. The company will remain in operation as it’s reorganized and sold over the next six weeks, according to documents filed in federal bankruptcy court. The sale is expected to close by Dec. 5. Founder and CEO Sara Rademaker declined to answer questions about what challenges the company faces. American Unagi has secured a half-million dollar loan to fund operations during the reorganization.