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Article: Calmar buying some ContinentalAFA assets.
- Article from:
- Plastics News
- Article date:
- October 20, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dan Hockensmith
MeadWestvaco Calmar Inc. will buy the intellectual property and tooling assets of bankrupt trigger sprayer and lotion pump maker ContinentalAFA Dispensing Co. in a deal worth $7.5 million.
Judge Kathy Surratt-States of the U.S. Bankruptcy Court in St. Louis approved the transaction on Oct. 15 after an Oct. 10 auction date had passed. Grandview, Mo.-based Calmar was the sole bidder. It is the injection molding division of packaging giant MeadWestvaco Corp. in Glenn Allen, Va.
ContinentalAFA and its subsidiaries, AFA Products Inc. and Continental Sprayers International Inc., had filed for Chapter 11 protection from ...