Manufacturing Industry
Newsclips.(Cady Bag Co. under new ownership.)(Clariant AG has purchased Ciba Specialty Chemicals AG.)(MAB Group LLC of Louisville has filed to reorganize under Chapter 11.)
Plastics News, October, 2006
Former owner buys back Cady Bag Co. PEARSON, GA. - Cady Bag Co. will re-emphasize produce packaging for its polypropylene fabrics under new ownership. The Pearson firm recently was part of Firstline Corp. until it was purchased by a financial company and William Cady, former owner of the Cady Bag business who sold it to Firstline in 2005.
The Pearson operation makes polypropylene fabric for house wrap and agricultural packaging for cotton bales, pecans and other bulk commodities. Firstline geared the fabric mainly to house wrap because it didn't have an understanding of agricultural markets, William Cady said by telephone. Firstline sought protection under Chapter 11 of the U.S. Bankruptcy Code in March. It separately sold a film production plant in...
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