Consolidated Container Company Acquires STC Plastics.ATLANTA -- Consolidated Container Company (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ) today announced its acquisition of STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club Plastics, Inc. (STC), located in Chino Chino (chē`nō), city (1990 pop. 59,682), San Bernardino co., S Calif.; founded 1887, inc. 1910. It is the business and processing center of a diversified farming (notably dairying) area. , CA. STC will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CCC and the two companies will combine their polycarbonate A category of plastic materials used to make a myriad of products, including CDs and CD-ROMs. (PC) operations to better focus on this market. Scott Keller, former President of STC Plastics, will join CCC as the Vice President of PC Water Sales, reporting to Bob Walton, Senior Vice President of the Beverage and Industrial Container Group. This acquisition will couple CCC's nationwide manufacturing platform with STC's superlative reputation for outstanding customer service. Steve Macadam macadam Form of pavement invented by John McAdam. McAdam's road cross-section consisted of a compacted subgrade of crushed granite or greenstone designed to support the load, covered by a surface of light stone to absorb wear and tear and shed water to the drainage ditches. , President and Chief Executive Officer of CCC, said, "This acquisition provides CCC and STC the opportunity to grow into additional market segments and offers customers a comprehensive PC package. The new combined PC group will enhance our approach to serving small and mid-tier customers and will strengthen our internal talent relative to the PC business with the addition of Scott Keller and the STC employees." Scott Keller, former President of STC Plastics said, "I look forward to the opportunities that this opens as we move forward. CCC's national and international manufacturing platform will allow STC's current customers to see improved service as we become more closely located to their geographical markets." Consolidated Container Company, which was created in 1999, is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. developer, manufacturer and marketer of rigid plastic containers for many of the largest branded consumer products and beverage companies in the world. CCC has long-term customer relationships with many blue-chip companies including Dean Foods, DS Waters of America, The Kroger Company, Nestle Waters North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , National Dairy Holdings, The Procter & Gamble Company, Coca-Cola North America, Quaker Oats, Scotts and Colgate-Palmolive. CCC serves its customers with a wide range of manufacturing capabilities and services through a nationwide network of 56 strategically located manufacturing facilities and a research, development and engineering center located in Atlanta, Georgia. Additionally, the company has 3 international manufacturing facilities in Canada and Mexico. STC was founded in 1985 as Bison Industries by James K. Keller and was reorganized in 1992 as STC Plastics. New Wave Water Systems, a sister company owned by James Keller as well, served as a distributor of bottles for STC Plastics until 1998. At that time, Scott Keller merged New Wave and STC Plastics when he took over as President of STC Plastics. STC operates one plant in Chino, California. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion