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Atlantis Plastics, Inc.
Court Enters Order Approving the Sale of the Plastics Films and Molded Products Businesses of Atlantis Plastics, Inc.
October 26th, 2008
Atlantis Plastics, Inc. (the "Company") is pleased to announce that on Monday, October 6, 2008, the United States Bankruptcy Court for the Northern District of Georgia entered an order approving the previously announced acquisition of substantially all of the assets of the Company's Plastic Films division to AEP Industries Inc., and of its Molded Products division to Custom Plastic Solutions, LLC, an affiliate of Monomoy Capital Partners, L.P. Monomoy Capital Partners was the successful bidder for the Molded Products in a court-sanctioned auction held on October 2, 2008. As no "Qualified Bids" were received for the Films division, no auction occurred for that business. The Company...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-26)
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