Dolco Posts Profit After Chapter 11 Reorganization
Dolco Packaging Corp., a Sherman Oaks manufacturer of plastic packaging products that emerged from Chapter 11 bankruptcy reorganization last July, reported a return to profitability in the quarter ended March 31, despite an 8% decline in sales.
Dolco’s first-quarter profit was $522,000, on sales of $14.6 million. A year earlier, it lost $587,000 on sales of $16 million.
The company said the first-quarter 1991 loss included $822,000 in costs related to plant closings, environmental remediation and the bankruptcy.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
