Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2006
Accounting irregularities and financial distress
Following the difficult integration of Sweetheart, substantial debt, operating losses, and increased fuel and resin costs, Solo underwent management changes. The incoming leadership identified accounting irregularities, while Moody’s and Standard & Poor’s downgraded the company’s credit ratings. Vestar Capital Partners subsequently took control of the board and removed Robert Hulseman as chairman.