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Pallet supplier iGPS files for bankruptcy, sells assets

from Plastics News

Plastic pallet supplier iGPS Co. LLC has filed for bankruptcy and agreed to sell its assets to a newly-formed joint venture company. The Orlando, Fla.-based iGPS Co. will be sold to iGPS Logistics LLC, a joint venture formed by private equity firms Balmoral Funds LLC and One Equity Partners, a shareholder of pallet manufacturer Schoeller Arca Systems, and Jeff and Robert Liebesman, according to a June 5 Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Del. more


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