UMB Bank says assets from a failed artificial sweetener facility in Moberly will be auctioned this fall.
The bank is the bondholder trustee for the central Missouri project that was to be operated by Mamtek U.S. Inc.
Moberly issued $39 million in bonds to finance construction of the plant, and the state offered about $17 million in incentives. Work stopped last fall on the partially built factory after Mamtek missed a bond payment to Moberly. No state incentives were paid.