US bankruptcy judge Basil H Lorch III entered the sale order recently for the assets of Cereplast, including its former Seymour bioplastics factory.
“We have long wanted to mark our products as ‘Made in the US’,” said Mike Senzaki, Trellis Earth CEO. “The acquisition of this factory will enable to us to quickly become the preeminent American supplier of bioplastic foodservice disposables.”
Axiom Capital Management of New York City represented the company in the transaction and acted as sole placement agent.
Source: Trellis Earth Products
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