The Erie, Pa., Times-News is reporting today that Erie Plastics Corp. is going to close in 60 to 90 days. The story quotes CEO Hoop Roche. Berry Plastics Corp. in Evansville, Ind., had announced yesterday it has agreed to buy "certain assets" of Erie. "Erie Plastics previously filed for bankruptcy protection on September 29, 2008, and Berry Plastics was the successful bidder for the majority of the assets of Erie Plastics including equipment, inventory and other tangible and intangible assets," Berry said in a news release. Plastics News is working on getting confirmation of the plan to shut down Erie Plastics, and we'll post our own story as soon as possible. The sale to Berry means, of course, that the deal announced in September to sell Erie to Crawford Group of Cleveland is not going to happen.
Erie Plastics Corp. preparing to close
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