Cereplast, Inc.Company Review & Valuation
About Cereplast, Inc.
Cereplast, Inc. develops and commercializes bio-based resins. It provides Cereplast Compostables resins, which are compostable, bio-based, and ecologically sound substitutes for petroleum-based plastics targeting compostable bags, single-use food service products, and packaging applications. The com… Show more pany also offers Cereplast Sustainables resins, including Cereplast Hybrid resins that replace up to 55% of the petroleum content in conventional plastics with bio-based materials, such as industrial starches sourced from plants that are used in automotive, consumer goods, consumer electronics, medical, packaging, and construction markets; and Cereplast Algae Plastic resins, which transforms algae into bioplastics. Its compostable and sustainable resins are used in injection molding, thermoforming, blown films, blow molding, extrusion for profiles, and extrusion coating. The company was formerly known as Biocorp North America Inc. and changed its name to Cereplast, Inc. in March 2005. Cereplast, Inc. was incorporated in 2001 and is headquartered in Seymour, Indiana. On March 27, 2014, the voluntary petition of Cereplast, Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on February 10, 2014.Cereplast, Inc. is in Liquidation. Show less