IRVINE, Calif., March 18, 2021 /PRNewswire/ –CarbonLite Holdings, LLC has retainedForce 10 Partners to lead its restructuring effort, following its voluntary bankruptcy filing on March 8, 2021. Force 10 Co-founder Brian Weiss is serving as chief restructuring officer. The Force 10 team is focusing on the post-bankruptcy emergence of 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 for packaging.
Force 10 was initially retained during the fourth quarter of 2020 to navigate underperformance and insolvency issues surrounding its complicated capital struct…
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