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Constar International Holdings, a maker of plastic bottles primarily for food and beverage markets, has filed for Chapter 11 bankruptcy protection. This is the third bankruptcy filing since 2008 for the Trevose, PA-based company, which listed assets of as much as $100 million and debt as high as $500 million according to U.S. Bankruptcy Court papers. The largest unsecured creditors listed in the bankruptcy filing include DAK Americas and DAK Resinas de Mexico, owed more than $15 million, and Britvic Soft Drinks Ltd. of London, which is owed $5.43 million.

Clare Goldsberry

December 19, 2013

1 Min Read
Plastic packaging processor Constar files for third bankruptcy since 2008

Constar is a major producer of PET bottles and containers including barrier and hot-fill technology. In 2013, Constar obtained six new patents related to its Diamond Clear Oxygen Scavenging technology for PET packaging. A proposed buyout offer from Amcor Rigid Plastics USA has been made for $68.5 million.

Constar operates seven plants in the U.S. with 470 employees, and two in Europe.

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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