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Article Excerpt
Business Editors
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 7, 2002
U.S. Plastic Lumber Corp. (Nasdaq:USPL), announced today that it has mailed its proxy statement to stockholders of USPL to solicit their approval of the sale of Clean Earth, Inc. ("CEI"), its environmental services and recycling division, to CEI Holding Corporation ("Purchaser"), a corporation recently formed by Eos Partners, L.P., and Bank of America Capital Investors, two private equity investment groups that collectively manage over $2.5 billion of capital. USPL previously announced its agreement to sell Clean Earth, Inc. to the Purchaser on June 17, 2002.
USPL has established August 27, 2002 as the Special Stockholders Meeting Date for the...
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