DAILY NEWS Jun 24, 2014 7:11 PM - 0 comments

Bioplastic products maker Trellis Earth Products buying Cereplast assets

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2014-06-24

Trellis Earth Products, a manufacturer of bioplastic foodservice disposables, has acquired the assets of bankrupt bioplastics supplier Cereplast Inc. for US$2.6 million.

 

The sale includes Cereplast’s former bioplastics factory in Seymour, Ind.

 

"We have long wanted to mark our products as 'Made in the US'," Mike Senzaki, Trellis Earth CEO, said in a news release. "The acquisition of this factory will enable to us to quickly become the preeminent American supplier of bioplastic foodservice disposables."

 

Headquartered in Portland, Ore., Trellis Earth is a privately held company with nearly US$20 million of sales since its founding in 2007.

 

The Indiana-based Cereplast filed for bankruptcy in February 2014. The company had reported a net loss of US$34 million on sales of US$2.1 million for the nine months ended Sept. 30, 2013.

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