Who bought Continental Can Company?

Who bought Continental Can Company?

The Suiza Foods Corporation
The Suiza Foods Corporation, one of the nation’s largest dairy companies, agreed yesterday to buy the Continental Can Company for about $40 a share in stock, or $157.5 million. It would also assume about $187.5 million in Continental debt.

What happened to the American Can Company?

The American Can Company said yesterday that it was going out of the can business and would change its name. The company said it would sell the mainstay of its business – cans and food packaging – for most of the 85 years since American Can was founded to Triangle Industries for $570 million in cash and stock.

What is the relevant product market in United States v Continental Can Co 378 441 1964?

The Government had urged ten product markets, including the can industry, the glass container industry, and various lines of commerce defined by the end use of the containers. The District Court found three product markets, metal containers, glass containers, and metal and glass beer containers.

Is Continental Can Company still in business?

In 1987, the remnants of Continental Can became part of the United States Can Company (a subsidiary of Inter-American Packaging) and two of its executives left to form Silgan Holdings. Continental Group was dismantled in 1991.

Can American Can Company?

The American Can Company was established in 1901 by a group of astute businessmen who recognized the opportunity for growth in the container industry due to the increased demand for cans for products like paint and tobacco and for ‘sanitary’ cans for convenience foods.

Who founded the American Can Company?

History. The American Can Company was incorporated in 1901. In 1985, Nelson Peltz’s New York-based Triangle Industries bought the National Can Company for $460 million. The same year, it acquired the Dunham’s Sports athletic store chain and made it part of its retail sector, which also included Musicland and Fingerhut.

What happened to Continental Can Co?

Continental Group In 1987, the remnants of Continental Can became part of the United States Can Company (a subsidiary of Inter-American Packaging) and two of its executives left to form Silgan Holdings. Continental Group was dismantled in 1991.

Can Factory Fairport?

Canned beer made its debut January 24, 1935. American Can made the first beer can for Krueger Brewing in Newark, N.J. There are new businesses inside the old American Can factory on Parce Avenue in Fairport, including Iron Smoke Whiskey and Triphammer Bierwerks.

When did Continental can Company become part of United States can company?

In 1987, the remnants of Continental Can became part of the United States Can Company (a subsidiary of Inter-American Packaging) and two of its executives left to form Silgan Holdings. Continental Group was dismantled in 1991.

When did Continental can Company become Silgan Holdings?

When did Continental can Company stop making cans?

By 1934 Continental and its rival, American Can, were producing approximately two-thirds of the 10 million cans made annually in the US. At this time, the company was operating 38 plants in the US and Cuba. Continental suffered a drop in its income during the Depression, although by 1932 the company had never reported a money-losing year.

When was Continental Airlines acquired by United Airlines?

The airline was acquired by UAL Corporation, the parent company of United Airlines, in an all-stock transaction on October 1, 2010. Continental’s shareholders received 1.05 per share in United stock for each Continental share they owned.