IRVINE, Calif.–(BUSINESS WIRE)–Force Ten Partners LLC (Force 10) today announced the completion of the restructuring effort for CarbonLite Holdings, LLC and its subsidiaries (CarbonLite), one of the world’s largest suppliers of post-consumer recycled polyethylene terephthalate (rPET), which is then used to produce high-quality food-grade recycled rPET material sold to the world’s largest beverage companies. On March 8, 2021, CarbonLite filed a voluntary Chapter 11 bankruptcy to maximize the asset values of its four manufacturing facilities. The restructuring efforts were led by Force 10 co-founder Brian Weiss who served as the Chief Restructuring Officer.
Force 10 was initially retained during the fourth quarter of 2020 to navigate …
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