Trellis Earth Products To Acquire Cereplast Assets
Trellis Earth Products, Inc., a leading maker of bioplastic food service disposables, will pay $2.6 million for substantially all of Cereplast's assets including production equipment, patents, inventory, and trademarks, plus pay certain contract cure costs, as part of Cereplast's Chapter 7 liquidation proceedings. United States Bankruptcy Judge Basil H. Lorch III entered the sale order today for the assets of Cereplast, including its former Seymour bioplastics factory. …