Hong Yuan Holding Group (HGYN)

[12yearplan]

Trellis Earth Acquires Cereplast Assets
Posted on June 20, 2014 by Bill Collins

Our company is now officially a US manufacturing entity!

We have acquired a 110,000 square foot bioplastics production facility in Seymour, Indiana from the defunct Cereplast which is being liquidated in bankruptcy court. We are paying $2.6 million for a factory, patent portfolio, and inventory with a replacement value over $8 million!

This acquisition will fast track our large scale injection molding and thermoforming operations in the United States, as we bring in new finishing equipment to this facility in the weeks and months ahead.

We will be launching an all-new product line with over 35 new cutlery SKUs, new clamshells, and many other thermoformed products in what promises to be the pre-eminent vertically integrated bioplastics factory anywhere!
http://www.trellisearth.com/trellis-earth-acquires-cereplast-assets/