Casey Seeks Briefing On Corelle Plant Transaction

September 22, 2024 3:58 am

On Friday U.S. Senator Bob Casey sent a letter to the Senate Finance Committee Chairman Ron Wyden requesting a confidential briefing from the Federal Trade Commission on questions concerning Anchor Hocking’s assumption of control over the Corelle manufacturing operation in Charleroi. He wants to know about the failed acquisition of Instant Brand’s Houseware division that included the Charleroi plant by Centre Lane Partners during Instant Brand’s bankruptcy proceedings in 2023. After the failed acquisition, Anchor Hocking, a Centre Lane Partners company assumed control of the plant and now plans its closure. In his letter Casey states that the actions now being taken by Anchor Hocking raise serious questions regarding the transaction by Centre Lane Partners.