Bioresins firm aims to avoid auction

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The leader of a Seymour-based manufacturer of bioresins faced with having its assets sold to satisfy a creditor hopes to stay in business.

Many challenges — including the recession and slow sales — have dogged Cereplast, but chief executive officer Frederic Scheer said the company can overcome them despite an auction of its assets scheduled for next month.

An ad placed in Wednesday’s edition of The Tribune states the assets of the 13-year-old company will be sold at 11 a.m. Feb. 11 in Boston by Paul E. Saperstein Co. Inc., an auctioneer and appraisal firm in Holbrook, Mass.

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