The sale of a supranational business unit implied in insolvency proceedings in different European countries under the common jurisdiction of a Barcelona Commercial Court. La Seda de Barcelona, S.A. (LSB), a company listed on the Madrid and Barcelona Stock Exchanges, was the parent of a multinational plastic packaging group integrating the whole value chain from the industrial production of PET right through to manufacturing of the preforms used by customers to hold their products, whether soft drinks, water, yoghurts, cleaning products or any other of countless possibilities. LSB’s Packaging Division (known as Artenius PET Packaging Europe or APPE) operated 14 plants in Europe, Turkey and North Africa.
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