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On June 30, 1980, SOLCO, Inc. and RM LEASING CORPORATION merged into Solo Cup Company. On March 1, 2004, Solo acquired Sweetheart Cup Company for $917.2 million, in part with public debt. Sweetheart was founded by Joseph Shapiro and his four brothers, emigrants from Russia. It became the largest consumer packaging company in the world and was ...
Sweetheart was sold to the Solo Cup Company in December 2003. [13] By 2004, American Industrial Partners had raised over US$ 1 billion in equity. [14] AIP closed their fourth fund, valued at US$ 405 million, in August 2008. [15] A fifth fund closed at US$ 717.5 million in December 2011. [16]
Hulseman was born in Chicago, Illinois, on April 5, 1932. [3] His mother, Dorothy (née Hall), was a singer known by the stage name Dora Hall, while his father, Leo Hulseman, established the Solo Cup Company, a manufacturer of disposable cups, bowls and plates, in 1936. [3]
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Dart Container Corporation [2] is an American manufacturer of disposable food containers. Based in Mason, Michigan, Dart is the world's largest manufacturer of foam cups and containers, producing about as many as all competitors combined. [3]
His family founded Dart Container, a food and beverage packaging company and the owner of the Solo Cup Company. [1] Dart owns real estate development and investment companies in the U.S. and Cayman Islands and developed the town of Camana Bay. [1] He maintains a low profile and is known for his focus on privacy. [2]
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Fans have applied the design to various objects, including automobiles, shirts, and shoes. Cups with the Jazz design were initially manufactured by Sweetheart Cup Company, which was later purchased by Solo Cup Company in 2004. Solo continued production of the disposable cups, and the Jazz design would become known unofficially as Solo Jazz. [2]