Anchor Glass Container Files For Protection

Anchor Glass Container Corporation of the US, has filed for Chapter 11 bankruptcy protection from its creditors, a month after the investment company Cerberus Capital Management agreed to invest $100m in the firm. Chapter 11 protection will allow the firm to cut its debts by $50m and to reorganise the remainder. Its parent group, Consumers Packaging of Canada, has also applied for bankruptcy protection.

Author
Un-named
Origin
Unknown
Journal Title
Glass Int May/June 2002 2
Sector
News Items
Class
N 1213

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Anchor Glass Container Files For Protection
Glass Int May/June 2002 2
N 1213
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