The company is still looking to expand in the US, despite losing its bid for Orange Plastics

The company is still looking to expand in the US, despite losing its bid for Orange Plastics

Euro Packaging has lost its bid for US bag maker Orange Plastics, based in Compton, California. The West Midlands bag manufacturer had lodged a bid of $9.63m (E8.2m) with the court handling the sale and looked to be the only interested party. But in the auction VS Packaging – a joint venture between US bag makers Vanguard Plastics and Sigma Plastics Group – beat it by $300,000 (E255,000).

Despite the setback, Euro Packaging managing director Afzal Majid was upbeat about plans for expansion in the US. He told PRW.com: “We are studying something else.”

Orange produces grocery bags and industrial liners, turning over around $50m (Ј32m) a year. It filed for Chapter 11 creditor protection this month, owing many millions of dollars.