December 4, 2013
Consolidated Container Co. has completed its acquisition of the majority of assets of Shelburne Plastics Inc.
Consolidated Container, on Dec. 3, said the deal includes the majority of assets of Plastic Technologies of Vermont Inc., Plastic Technologies of Maryland Inc. and Plastic Technologies of New York LLC. The firms collectively do business as Shelburne.
Atlanta-based CCC bought the blow molder’s assets through the U.S. Bankruptcy Court in Vermont. CCC had been the stalking horse bidder for the assets.
Shelburne, based in South Burlington, Vt., previously said in bankruptcy court documents that the company suffered escalating losses each year between 2010 and 2012 and exhausted its credit by the end of September.