Constar has completed a 363 sale of its U.S. and U.K. assets

Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, announced that Constar International LLC (“Constar” or the “Company”) has sold substantially all of its U.S. assets to Plastipak Holdings, Inc. (“Plastipak”) and divested its U.K. operations to affiliates of Greybull Capital LLP.

Constar is a leading manufacturer of polyethylene terephthalate (PET) plastic container solutions. The Company is recognized throughout the industry for exceptional quality and a strong focus on innovation, possessing full design and manufacturing capabilities through in-house technology centers. Constar manufactures a comprehensive suite of products ranging from stock bottles and jars to highly customized solutions tailored to specific customer needs. The Company maintains numerous long-standing relationships with global, blue-chip customers across a variety of end markets.

Lincoln acted as the exclusive financial advisor to Constar, working closely with the Company’s management team and stakeholders throughout the Ch. 11 Bankruptcy §363 sale process. This included managing all aspects of the sale transactions both in the U.S. and the U.K., as well as advising the Company with respect to DIP financing and other aspects of the Chapter 11 case. Lincoln’s U.S.- and U.K.-based professionals were involved in managing the transactions, highlighting the firm’s ability to bring significant cross-border capabilities to bear in complex Chapter 11 cases.

Louis Imbrogno, President and CEO of Constar, commented, “Lincoln delivered an excellent outcome for Constar, its stakeholders, customers and suppliers. The firm’s track record of successful debtor representations, international capabilities and industry expertise were essential to navigate the numerous obstacles that presented themselves throughout the process. Lincoln’s ability to communicate the nuances of our business to potential acquirers led to several rounds of competitive bidding, ultimately delivering exceptional value for Constar’s stakeholders and a great partner for our company in Plastipak. We look forward to working with Plastipak to continue to serve our valued customers.”

About Constar International

Philadelphia, Pennsylvania-based Constar International is a leading global producer and supplier of plastic bottles, jars and preforms for food and beverages. The Company provides full-service packaging solutions, from product design and engineering, to ongoing customer support and material licensing agreements. Its customers include many of the world’s leading branded consumer products companies. More information about Constar International can be obtained at

Constar has been sold to Plastipak Holdings and Greybull Capital Connect with a Senior Team Member

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