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Home > Company Index > Manufacturing > Packaging & Containers > Consumers Packaging Inc.

Consumers Packaging Inc.
 NEWS FROM THE WIRES
Consumers Packaging hits new low on big asset sale
Aug 03 2001 09:52 AM PDT

Owens-Illinois to buy six Consumers Packaging plants
Aug 03 2001 05:58 AM PDT

RESEARCH ALERT-Merrill cuts nat gas co. ratings
Jul 23 2001 09:01 AM PDT

More WIRE STORIES about this company

 PROFILE
Consumers Packaging is restructuring under Canada's version of Chapter 11 bankruptcy protection. Restructuring expert Brent Ballantyne has been named the new CEO and will manage the restructuring or perhaps the sale of the company. Canada's primary maker of glass containers claims about 85% of that market and is one of the largest manufacturers of glass containers in North America. The company supplies bottles and jars to food and beverage producers worldwide. The company blames soaring natural gas prices for its financial woes. Chairman John Ghaznavi, who stepped down as CEO, controls more than 60% of the company.

 COMPETITION
Owens-Illinois, Inc. (OI)
Compagnie de Saint-Gobain (SGO)
Vitro, S.A. de C.V. (VTO)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,029.50
1-Yr. Sales Growth: 7.9%
Employees: 2,400
Revenue per employee: $428,958.33

 KEY PEOPLE
• Brent Ballantyne
    CEO
• Graeme Eadie
    CFO

 CONTACT INFO
777 Kipling Ave.
Toronto Ontario M8Z 5Z4, Canada
Phone: 1-416-232-3000
Fax: 1-416-232-3635
Online: Web Site

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