Solo Cup Being Sold for $1B

Vestar Capital Partners-backed Solo Cup has agreed to be acquired by Dart Container in a deal valued at approximately $1 billion. Both companies produce disposable foodservice products. Solo is majority-owned by its founder's family, and Vestar took a minority stake in the company back in 2004 through the Vestar Capital Partners IV fund. Dart expects to continue offering products under the Solo brand, including Solo's quintessential red cup.