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Plastic Recycler CarbonLite Files For Chapter 11 Bankruptcy

March 8, 2021, 3:43 PM

CarbonLite Holdings filed for Chapter 11 bankruptcy in Delaware, court papers show.

  • CarbonLite processes used bottles into pellets that can be used to manufacture new beverage bottles, per its website
  • The company owes more than $27m to Nestle Waters North America Inc. and more than $20m to Niagara Bottling LLC, per the bankruptcy petition
  • Owners include Sterling Capital LP and Crown Poly Inc., court papers show
  • PREVIOUSLY: Bottle Recycler Company Misses Monthly Debt Payment: Filing
  • The case is CarbonLite Holdings LLC, 21-10527, U.S. Bankruptcy Court for the District of Delaware

To contact the reporter on this story:
Jeremy Hill ...