Industry News | December 23, 2008

Chipotle Clears the Air about Cereplast

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Chipotle Mexican Grill (NYSE: CMG - News) (NYSE: CMG.B - News) today clarified the nature of its relationship with Cereplast, Inc. (OTCBB: CERP - News), a Hawthorne, California, company that manufactures proprietary bio-based, sustainable plastics.

Currently, through a supplier, Chipotle purchases plastic cutlery made using Cereplast Compostables resin for its one restaurant in Millbrae, California, to comply with a local ordinance. In a Dec. 15 press release, which was not reviewed or approved by Chipotle, Cereplast misstated the nature of the relationship, stating that “A system-wide rollout of up to 800 Chipotle locations is expected in the near future.”

Chipotle currently has no plans to expand its relationship with Cereplast.