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Continental Can Company (CCC) was an American producer of metal containers and packaging company, that was based in Stamford, Connecticut. [1]The Continental Can Company was founded by Edwin Norton [2] T.G. Cranwell in 1904, [3] three years after the formation of its greatest rival, American Can Company. [3]
The government sought Continental Can's divestiture of the assets of Hazel-Atlas, arguing that the merger was a violation of Section 7 of the Clayton Antitrust Act. The government claimed ten product markets existed, including the can industry, the glass container industry, and various lines of commerce defined by the end use of the containers.
Farm Crest was founded around 1930 as a cake manufacturer, based in Detroit. The founder's son, Raymond Grennan, assumed control of the company in 1936 and began its cookie manufacturing the following year. [4] The building's construction was approved on June 23, 1947 [2] and began in September of that year, [3] and had an estimated cost of ...
In 1964, Brockway bought several Hazel-Atlas Glass Company factories from the Continental Can Company as part of a lawsuit settlement. [2] In 1987, Owens-Illinois made a bid of $60 per share (worth $750 million) to acquire Brockway, [ 3 ] which was met with resistance by the Federal Trade Commission (FTC). [ 4 ]
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 the United States in tin cans, containers, and packages of tin." [1] American Can Company ranked 97th among United States corporations in the value of World War II military production contracts. [2]
In late 2021 and the first month of 2022, container ships have remained at American ports unloading goods for seven days on average, 21 percent higher than at the start of the pandemic. The mayhem at ports and shipping yards was a key driver for rising prices together with the market dominance of major companies.