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26-460: The Continental Can Company was founded by Edwin Norton T.G. Cranwell in 1904, three years after the formation of its greatest rival, American Can Company . Continental acquired the patents of United Machinery Company , one of the few companies producing can-making machinery that had not been bought by American Can. CCC began shipping product in 1905. During World War II , Continental Can Company helped

52-459: A failure of negotiations. By the late 2000s, however, Silgan was consistently profitable. Between 2004 and 2005 profits rose by 3.1%, as did its position on the Fortune 500 list. In 2009 it registered $ 131.6 million in profits, a 7.2% increase over 2007, and was ranked at 671, an increase of fifteen levels. In 2011 Silgan attempted to purchase the entirety of Graham Packaging for $ 1.3 billion but

78-593: A financial conglomerate which had divested itself of its packaging arm in 1986. Primerica, after it was merged with Sanford I. Weill 's Commercial Credit Company , would form the basis of what would become Citigroup . The American Can Company had its headquarters at the Pershing Square Building in Manhattan , New York City , until 1970, when it moved into a Greenwich, Connecticut , facility, which had been developed on 150 acres (61 ha) of wooded land in

104-512: A further 5.1%. The company has not escaped controversy during the 2010s, however. In 2009 a lawsuit was filed against the organization by the US Equal Employment Opportunity Commission after viewing that the company "denied promotion to and refused reasonable accommodation for an employee who is missing three fingers on his left hand." A $ 45,000 settlement was also paid out to an African American employee in 2010 who,

130-513: A minority interest in the purchaser, Consolidated Container Company . As of 2000, the only remaining business of Continental Can is Dixie Union , a small flexible film business based in Kempten, Germany. Deals included: American Can Company The American Can Company was a manufacturer of tin cans . It was a member of the Tin Can Trust, that controlled a "large percentage of business in

156-602: A number of such systems. In 1976, CCC changed its name to the Continental Group , a conglomerate with operations in many countries, but kept "Continental Can" as its packaging unit within 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

182-765: A subsidiary of Koch Industries , the second largest privately owned company in the United States. 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 . In 1986, it acquired the packaging division of Gerald Tsai 's American Can Company for $ 570 million. In 1987 American Can announced that it would change its 86-year-old name to " Primerica ". In 1988, Pechiney S.A. ,

208-675: Is a Connecticut-based American manufacturing company that produces consumer goods packaging. The company was founded in 1987 by two former executives of Continental Can , Phil Silver and Greg Horrigan – their names contributing to the company name. Silgan Holdings employs around 17,000 staff within its own and its subsidiary companies. It is currently headquartered in Stamford, Connecticut , and possesses factories across North America and Europe. After being founded in 1987, Silver and Horrigan proceeded to acquire several competitors and pursued contracts with Del Monte and Nestle . Their share of

234-475: The Standard Tin Plate Company in 1909 to ensure that they would have a steady supply of tin . Continental's original business consisted only of packers' cans for fruits and vegetables. Given the seasonal nature of this work, the company expanded into general canning in 1912. By 1913 the company had acquired all of the interests of a New Jersey corporation also called Continental Can Co., as well as

260-554: 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. By the mid-1930s, with 38 plants nationwide, the company employed about 1,800 men and 1,200 women around the Chicago area. Continental recovered from

286-587: The Acme Can Works in Montreal. For many years, the American Can Company was Canada's largest producer of tin cans. In 1957, Dixie cup merged with the American Can Company. In the early 1970s, American Can developed Fresh'n as a toilet paper competitor. The James River Corporation of Virginia purchased American Can's paper business in 1982. The assets of James River are now part of Georgia-Pacific ,

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312-569: The Depression years, and by 1940 its operating revenue had increased to $ 120.7 million from $ 80.9 million in 1935. In 1940 the company built plants in Canada. Continental expanded during the following decade through acquisitions, and the company entered the fields of paper and fiber containers, bottle caps, and synthetic resins. By the end of the 1940s, the company had 65 plants, including eight plants producing fiber and paper containers, four plants producing crown caps, and one plant producing plastics. By 1954

338-597: The Equal Employment Opportunity Commission ruled, was terminated under racial grounds and also subjected "to disparate and discriminatory treatment such as holding him to a higher standard on his work than non-black employees." This followed more strikes by staff over pay and working conditions in May 2010. Silgan Holdings acquired the food can business of Vogel & Noot Holding AG, headquartered in Vienna ;

364-651: The Export & Domestic Can Co. and the Standard Tin Plate Co. The same year, Continental was incorporated in the state of New York. During the 1920s Continental expanded rapidly, purchasing almost 20 competing companies. It opened its first West Coast plant in 1926. In 1928 Continental acquired the third-largest can company in the country, the United States Can Company . By 1934 Continental and its rival, American Can, were producing approximately two-thirds of

390-493: The French metal conglomerate, acquired Triangle Industries. At the time of the buyout, American National Can was the largest can company in the United States. Rexam acquired American National Can's metal can business in 2000. American Can was formed as Phoenix Can commenced upon a Mergers and Acquisition program to consolidate competitors and named the newly created entity American Can. Silgan Holdings Silgan Holdings Inc.

416-510: The United States in tin cans, containers, and packages of tin." American Can Company ranked 97th among United States corporations in the value of World War II military production contracts. During its peak of productivity, the American Can Company employed up to 800 people from the surrounding neighborhoods. It was a member of the Dow Jones Industrial Average from 1959 to 1991, though after 1987 it had renamed itself Primerica ,

442-433: The company operated 155 plant facilities. The introduction of the easy-to-open metal can top in 1963 led to an increase in the use of metal cans rather than glass bottles for beverages. By the end of 1966 over 45% of US beer and over 15% of US soft drinks were packaged in metal cans. That same year Continental introduced the first commercially-practical welded can. In 1969 the company acquired Schmalbach-Lubeca-Werke A.G.,

468-468: The company's gross sales reached $ 616 million, and its net income was approximately $ 21 million. At that time, Continental was operating 81 plants. During the company's first 50 years, it had purchased and absorbed 28 independent can companies, as well as other concerns producing fiber drums , paper containers, and bottle tops . In 1956 Continental acquired Hazel-Atlas Glass Co. , the third-largest US manufacturer of glass containers. Continental then became

494-463: The first company with a full line of containers in metal, paper, and glass . It also purchased Cochrane Foil Company , a manufacturer and distributor of aluminum plates and rigid foil packages for the frozen-food industry and other food suppliers. The company also bought Robert Gair Company, a leading producer of paperboard products. Due to such acquisitions, Continental briefly surpassed American Can's annual sales, topping $ 1 billion in 1957. By 1960

520-485: The largest packaging producer in the European community. By that time, Continental had 228 manufacturing plants. By 1973 the metal can industry was in a crisis due to oversupply and tough competition. Both Continental and American Can were said to have made the wrong decisions in the previous decade by adding capacity for both tin plate and tin-free steel production while the aluminum can was gaining popularity. Another problem

546-541: The late 1960s. In the early 1980s American Can renamed itself and ended its operations in Greenwich. The American Can Company was incorporated in 1901. In 1904, the American Can Company of Greenwich, Connecticut bought the small Norton Can Company that had operated since 1887 at York and Bay Streets (Toronto, Ontario). The company expanded further in 1908 when it bought the Sanitary Can Company of Niagara Falls and

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572-628: The market rose from 10% in 1987 to 36% in 1995, according to the New York Times . The company purchased a portion of a rival organisation, the Campbell Soup Company , in 1998 for $ 150 million US Dollars. These acquisitions, however, did saddle the company with significant debt in the late 1990s – it owed $ 700 million in "long term debt" in September 1997. In 2003, one hundred employees went on strike over wages and health benefits, following

598-545: The war effort by building aircraft parts and bombs in their manufacturing plants. The United Steelworkers of America was the union representing hundreds of manufacturing workers at Continental Can Company. In 1956, CCC acquired the Hazel-Atlas Glass Company , the third largest producer of glass containers, which led to the United States v. Continental Can Co. Supreme Court ruling in 1964. The company bought

624-816: Was dismantled in 1991. In early 1991, Continental Can Company was ordered to pay $ 415 million to some 3,700 former employees and members of the United Steel Workers of America, when the courts found that the company had attempted to defraud the employees of pensions during the late 1970s. The rights to the name "Continental Can Company" name and logo were sold in 1991 and renamed to the Viatech Continental Can Company , Inc. in October 1992. In June 1998 Suiza Foods Corporation completed its acquisition of Continental Can. In July 1999, Suiza sold all of Continental Can's US packaging operations in partial exchange for

650-464: Was growing public opposition to disposable cans. Continental's profits from domestic can making dropped from $ 115 million in 1969 to $ 52 million in 1973. The company closed many old-style integrated manufacturing plants in favor of large automated metal-processing centers and separate can-assembly operations situated near its customers' plants. In 1973 the company developed a system for the ultraviolet curing of inks and coatings on metal plate, and installed

676-557: Was ultimately outbid by Reynolds Group Holdings paying $ 1.68 billion. In 2013, Silgan's share-holdings had risen by 15% over the previous two years, though despite several successful acquisitions including Rexam ’s Plastic Thermoformed Food Business for 248.1 million, dropping demand in Europe was still problematic. By July 2013, shares had fallen by 0.9%. Upon completing the acquisition of Portola Packaging in October 2013, however, share prices then stabilized and went on to increase by

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