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A Florida judge has ordered Benpac Holding Inc. to pay $22 million to Clearwater, Fla.-based mold maker and injection molder American Tool & Mold Inc. for breaching a settlement agreement related to a failed 2019 acquisition.
Less than a year after its Amsler Equipment unit went out of business, Benpac says it is back in the North American bottle market.
Lighthouse Packaging LLC finally got a spin trimmer after Lectro Engineering Co. Inc. swooped in to fill the order that had fallen through the cracks during Amsler's shutdown.
The deal apparently ends a tumultuous period for Amsler Equipment, which shut down last year as a result of the liquidation of Niigon Machines Ltd.
Lighthouse Packaging President Ernie Hernandez says his California-based blow molding firm was left high and dry when an order it placed for a spin trimmer failed to arrive, even after Lighthouse paid for it.