CarbonLite gets approval to sell Pinnpack facility for $9.6 million

By Sarah Lizee

Olympia, Wash., June 22 – CarbonLite Holdings LLC secured court approval to sell its Pinnpack Packaging LLC subsidiary to Pinnpack Capital Holdings LLC, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The purchase price is $9.6 million, as previously reported.

CarbonLite is a Riverside, Calif.-based producer of food-grade post-consumer recycled polyethylene terephthalate. The company filed bankruptcy on March 8 under Chapter 11 case number 21-10528.

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