German PE Fund Raises Casey Container Funding to $10M; Provides New Letter of Interest

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Biodegradable plastics manufacturer Casey Container Corp. (CSEY) today announced receipt of a new Letter of Interest from a private German investment fund increasing the funding amount to $10 million. Casey has been working with the fund since March of 2012. Because Casey uses the EcoPure® additive, which has been proven by independent third-party testing facilities to fully biodegrade plastics in as little as three years, interested parties believe Casey's products have the potential to be a major market disruptor for plastics that must biodegrade in a landfill environment. The additive has successfully been used and subject to long-term testing, since 2009. A