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Plastic Bottle Maker Constar Files for Bankruptcy

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Constar International Holdings LLC, a maker of plastic soda bottles, filed for chapter 11 bankruptcy protection for the third time since 2008, citing a slowdown in business, and plans to sell its assets, Bloomberg News reported yesterday. The Trevose, Pa.-based company listed assets of as much as $100 million and debt as high as $500 million in court papers filed yesterday. Constar is seeking a speedy sale, with Amcor Rigid Plastics USA Inc. the lead bidder, at an undisclosed opening auction price, according to the filings.