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Consolidated Container Company Acquires Mayfair Plastics
ATLANTA, GA - June 30, 2005 - Consolidated Container Company (CCC) completed the
purchase of Mayfair Plastics in Carson, CA on June 30, 2005. This transaction,
announced on June 17, provides CCC with a West Coast shuttle platform.
Steve Macadam, CEO of CCC, stated, "The acquisition of Mayfair Plastics brings a
flexible, mid-market manufacturing capability to our West Coast customers and
complements our existing beverage and wheel plants in Southern California.
Mayfair Plastic's superb customer service and flexibility has created a great
brand identity in the Los Angeles region."
Bill Melville, the former President of Mayfair Plastics, will assume a new role
as a consultant for CCC, concentrating on sales and customer service.
Consolidated Container Company, which was created in 1999, is a leading North
American 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, 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.
This document may contain statements that constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact are statements that could be
deemed forward-looking statements. Such forward-looking statements, particularly
those statements regarding the timing and effects of the acquisition, reflect
CCC's current expectations and beliefs, are not guarantees of performance of CCC
and are subject to a number of risks, uncertainties, assumptions and other
factors that could cause actual results to differ materially from those
described in the forward-looking statements. For example, such risks,
uncertainties, assumptions and other factors include, without limitation, the
possibility that (1) the companies may be unable to agree upon the terms of a
definitive agreement; (2) problems may arise in successfully integrating the
businesses of the two companies; (3) the acquisition may involve unexpected
costs; (4) the combined company may be unable to achieve cost-cutting synergies;
and (5) the businesses may suffer as a result of uncertainty surrounding the
acquisition. For a further discussion of other risks, uncertainties,
assumptions and other factors, see CCC's filings with the Securities and
Exchange Commission. CCC undertakes no duty to update forward-looking
statements.
Contact: Sharla Oates, 678-742-4740
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