OURAY – According to a story published Friday, Jan. 25 in the Grand Junction Sentinel, bottles of water could be rolling out of Ouray’s water bottling facility by summer.
The Sentinel reported the plans of Black Gold Organic Fertilizer of Lubbock, Texas – which bought BIOTA (Blame It On The Altitude) Brands of America, Inc. water bottling facility on the northern end of Ouray last fall – is to restart the plant, but first needs an investor, or silent partner, which it is reportedly close to obtaining.
“We are more silent partners in the bottling company,” said secretary-treasurer Darrel Boepple of Black Gold in the article. “We’re trying to get product made and ready for the summer.”
A partnership deal with an investor could take place as early as Friday, Feb. 1, according to the paper.
Black Gold reportedly dropped a fraud lawsuit against UPS Capital Business Credit, the company in which it bought the plant from in October of 2007, according to The Sentinel.
BIOTA was originally bought by UPS at a foreclosure sale on Aug. 8 after UPS paid $ 3 million for the land, plant and equipment. BIOTA could not pay amounts due to UPS under a principal debt of $7.5 million, according to a complaint filed at the Ouray County Courthouse in February.
BIOTA was a Telluride-based water bottling company with a large complex on the north end of Ouray between U.S. Hwy. 550 and the