Consumers Packaging acquires glass-container manufacturing plant in Italy.TORONTO--(BUSINESS WIRE)--Nov. 8, 1996--Consumers Packaging Inc. (Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. : CGC CGC Canine Good Citizen (AKC Dog Title) CGC Commission Géologique du Canada (Geological Survey of Canada) CGC Confédération Générale des Cadres (French labor union) ) today announced that it has entered into a long-term lease arrangement for the use of a partly completed glass-container manufacturing plant in Teramo, Italy. Consumers expects to complete the facility and to begin production in September 1997. The entire production of the facility in its first phase has been committed under a long-term supply agreement to a European company and is expected to generate approximately C$40 million in annual revenues. Consumers Packaging, Inc. is a leading designer and producer of high quality glass containers. Headquartered in Canada, the Company operates seven manufacturing facilities and distributes its products domestically and internationally. Operating as Consumers Glass, it is the market share leader and only glass container producer in Canada, and is recognized as the fourth largest in 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. . CONTACT: Consumers Packaging Inc., Toronto M. William Lightner Vice President, Finance and Chief Financial Officer Consumers Packaging Inc. (416) 232-3150 or Morgen-Walke Associates, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: Donna N. Stein, APR/Keil Decker (212) 850-5600 Press Contact: Stan Froelich (212) 850-5600 |
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