With the company deadlocked in its operation and control, it eventually went into receivership and has since been sold. It was alleged Chibante was acting out against Mastronardi and Red Sun Farms “without regard to the best interest” of the Ohio company due to divorce proceedings.įinancial difficulties for the company followed due to the violation of credit agreements, the court document said.Ĭhibante was alleged in court to have blocked Mastronardi from viewing purchase agreements and other company documents, plus refused to participate in company shareholder meetings. When Mastronardi called to discuss the problem, Chibante refused to discuss the matter and hung up, the court documents said. Things started to go wrong when Chibante and wife Lynn began divorce proceedings in June 2017, according to the statement of claim.Ĭhibante is alleged to have initially breached conditions of the loan, then roughly two months later attempted to move the distribution portion of the business under another entity.Ĭhibante next informed Red Sun Farms it would not be receiving the Ohio company’s upcoming winter crop harvest. This advertisement has not loaded yet, but your article continues below.
The Mastronardi family also served as guarantees for loans and debts to launch the business. To launch construction of the greenhouse operation in Ohio, Mastronardi’s parents loaned $2 million through a promissory note, according to a statement of claim filed in court. The Golden Fresh Farms business was to operate under the Mastronardi family’s Red Sun Farms group of companies. Mastronardi has gained prominence in the business locally as a third-generation, co-owner of Red Sun Farms in Kingsville.Ĭhibante, meanwhile, long operated Golden Acres Farm in Kingsville with his wife Lynn, who is a member of the Mastronardi family.īack in 2015, Paul Mastronardi joined with his uncle Chibante, to open a tomato greenhouse business in Ohio in close proximity to I-75 freeway - a key location due to the ease of distribution to several states across the U.S.
Mastronardi first filed a court claim in September, 2017, against his business partner Chibante following troubles regarding their Golden Fresh Farms operation - a $22-million greenhouse entity that primarily grew tomatoes covering 20 acres in Wapakoneta, Ohio.
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