American Can Company

Last updated
Example of lithographed can, 1918 FMIB 45027 American Can Company - Lithographed Can saves labels, lacquer, paste and reconditioning eliminated; no unnecessary rehandling.jpeg
Example of lithographed can, 1918

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] During its peak of productivity, the American Can Company employed up to 800 people from the surrounding neighborhoods. It was a member of the Dow Jones Industrial Average from 1959 to 1991, though after 1987 it had renamed itself Primerica, a financial conglomerate which had divested itself of its packaging arm in 1986.

Contents

Primerica, after it was merged with Sanford I. Weill's Commercial Credit Company, would form the basis of what would become Citigroup.

The American Can Company had its headquarters at the Pershing Square Building in Manhattan, New York City, until 1970, when it moved into a Greenwich, Connecticut, facility, which had been developed on 150 acres (61 ha) of wooded land in the late 1960s. In the early 1980s American Can renamed itself and ended its operations in Greenwich. [3]

History

President of American Can Co. listening to a session of the National Monopoly Committee in 1939 President of American Can Co. Washington, D.C., Nov. 7. H.A. Baker, President of American Can Co., was an interested spectator at today's session of the National Monopoly Committee which is LCCN2016876553.jpg
President of American Can Co. listening to a session of the National Monopoly Committee in 1939

The American Can Company was incorporated in 1901. [4]

In 1904, the American Can Company of Greenwich, Connecticut bought the small Norton Can Company that had operated since 1887 at York and Bay Streets (Toronto, Ontario). The company expanded further in 1908 when it bought the Sanitary Can Company of Niagara Falls and the Acme Can Works in Montreal. For many years, the American Can Company was Canada's largest producer of tin cans. [5]

In 1957, Dixie cup merged with the American Can Company. In the early 1970s, American Can developed Fresh'n as a toilet paper competitor. [6]

The James River Corporation of Virginia purchased American Can's paper business in 1982. The assets of James River are now part of Georgia-Pacific, a subsidiary of Koch Industries, the second largest privately owned company in the United States. [7]

In 1985, Nelson Peltz's New York–based Triangle Industries bought the National Can Company for $460 million. The same year, it acquired the Dunham's Sports athletic store chain and made it part of its retail sector, which also included Musicland and Fingerhut. [8]

In 1986, it acquired the packaging division of Gerald Tsai's American Can Company for $570 million.

In 1987 American Can announced that it would change its 86-year-old name to "Primerica". [9]

In 1988, Pechiney S.A., the French metal conglomerate, acquired Triangle Industries. At the time of the buyout, American National Can was the largest can company in the United States. [10] Rexam acquired American National Can's metal can business in 2000.

American Can was formed as Phoenix Can commenced upon a Mergers and Acquisition program to consolidate competitors and named the newly created entity American Can.

Facilities

See also

Related Research Articles

<span class="mw-page-title-main">Boston and Maine Railroad</span> Former railroad in New England

The Boston and Maine Railroad was a U.S. Class I railroad in northern New England. It was chartered in 1835, and became part of what was the Pan Am Railways network in 1983.

Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management. The combined brokerage house has 17,646 financial advisors and manages $2 trillion in client assets. Clients range from individual investors to small- and mid-sized businesses, as well as large corporations, non-profit organizations and family foundations.

The Nashua Corporation was an American company headquartered in Nashua, New Hampshire that made labels, specialty papers, and imaging products and services. On September 15, 2009, it was bought by Cenveo, Inc. As of early 2010, it had four factories in several states. In April 2019 the long-run label and receipt paper businesses were sold by Cenveo to Iconex.

<span class="mw-page-title-main">Pan Am Railways</span> American transportation company

Pan Am Railways, Inc. (PAR) is a subsidiary of CSX Corporation that operates Class II regional railroads covering northern New England from Mattawamkeag, Maine, to Rotterdam Junction, New York. Pan Am Railways is primarily made up of former Class II regional railroads such as Boston and Maine Corporation, Maine Central Railroad Company, Portland Terminal Company, and Springfield Terminal Railway Company. It was formerly known as Guilford Transportation Industries and was also known as Guilford Rail System. Guilford bought the name, colors, and logo of Pan American World Airways in 1998.

<span class="mw-page-title-main">Avery Dennison</span> American corporation

Avery Dennison Corporation is a multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.

<span class="mw-page-title-main">Unum</span> American insurance company

Unum Group is an American insurance company headquartered in Chattanooga, Tennessee. Founded as Union Mutual in 1848 and known as UnumProvident from 1999-2007. The company is part of the Fortune 500. Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises four distinct businesses – Unum US, Unum UK, Unum Poland and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Company.

<span class="mw-page-title-main">Republic Steel</span> Steel manufacturing company

Republic Steel is an American steel manufacturer that was once the country's third largest steel producer. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Century, Republic suffered heavy economic losses and was eventually bought out before re-emerging in the early 2000s as a subsidiary. The company currently manufactures Special Bar Quality (SBQ) steel bars and employs around 2,000 people. It is currently owned by Grupo Simec, based in Guadalajara, Mexico.

<span class="mw-page-title-main">Primerica</span> American multi-level marketing insurance company

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

<i>The Record</i> (North Jersey) Newspaper in New Jersey

The Record is a newspaper in New Jersey, United States. Serving Bergen, Essex, Hudson and Passaic counties in northern New Jersey, it has the second-largest circulation of the state's daily newspapers, behind The Star-Ledger.

Continental Can Company (CCC) was an American producer of metal containers and packaging company, that was based in Stamford, Connecticut.

<span class="mw-page-title-main">Phoenix Iron Works (Phoenixville, Pennsylvania)</span> American iron and steel manufacturer

The Phoenix Iron Works, located in Phoenixville, Pennsylvania, was a manufacturer of iron and related products during the 19th century and early 20th century. Phoenix Iron Company was a major producer of cannon for the Union Army during the American Civil War. The company also produced the Phoenix column, an advance in construction material. Company facilities are a core component of the Phoenixville Historic District, a National Register of Historic Places site that was in 2006 recognized as a historic landmark by ASM International.

Champion International was a large paper and wood products producer based since 1980 in Stamford, Connecticut. It was acquired by International Paper in 2000.

The Worcester, Nashua and Rochester Railroad was a railroad line that was to link the city of Worcester, Massachusetts, to the city of Portland, Maine, via the New Hampshire cities of Nashua and Rochester, by merging several small shortline railroads together.

<span class="mw-page-title-main">Stiefel Laboratories</span> American corporation

Stiefel Laboratories Inc. is an American dermatological pharmaceutical company, with its global headquarters in Research Triangle Park, North Carolina. It makes products such as Duac and Oilatum. Stiefel was acquired by GSK plc at a price of $2.9 billion. The company was founded in 1847 by John David Stiefel, Ferdinand von Hebra and Paul Unna, who initially created medicated soaps.

<span class="mw-page-title-main">Fisher Foods</span> Defunct American supermarket chain

Fisher Foods, later known as Fazio's, was an American supermarket chain based in Cleveland.

The Portland & Rochester Railroad, established in 1867, was an important predecessor railway of the Rochester to Portland branch line of the Boston and Maine Railroad. It was founded in the merger of several smaller shortline rail transport companies, the oldest being the shortline York and Cumberland Railroad which was formed in 1846 to connect the seaport facilities of Portland, Maine, to the water powered manufacturing and textile industries along the Quampheagan Falls on the Salmon Falls River in the twin towns of South Berwick, Maine, and Rollinsford, New Hampshire .

<span class="mw-page-title-main">Eastern Steamship Lines</span> Shipping company

Eastern Steamship Lines was a shipping company in the United States that operated from 1901 to 1955. It was created through successive mergers by Wall Street financier and speculator Charles W. Morse. The line sailed along the eastern seaboard of the United States and Canada, operating out of Boston and New York. Much of its fleet was sold Boston to the US government for use in World War I. After the war the company would order additional ships for the Post-war period. Eastern Steamship Lines served as operator for the War Shipping Administration in World War II. The United States government requisitioned all of the fleets vessels for military duty on both the Atlantic and Pacific.

<span class="mw-page-title-main">Tyler Technologies</span> American Technology Company

Tyler Technologies, Inc., based in Plano, Texas, is a provider of software to the United States public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

Peter William May is an American businessman and investor.

References

  1. ↑ "Government Sues American Can Co.; Seeks Dissolution Of $88,000,000 Corporation In Anti-Trust Action At Baltimore. Wants It Split Into Units Petition Opposes Separation On Pro Rata Basis;- Head Of Concern Feels Sure Of Victory". The New York Times . November 30, 1913. Retrieved 2008-04-15. Suit was filed here today in the United States District Court to dissolve the American Can Company, the so-called Tin Can Trust, which the Department of Justice alleges controls a large percentage of business of the United States in tin cans, containers, and packages of tin.
  2. ↑ Peck, Merton J. & Scherer, Frederic M. The Weapons Acquisition Process: An Economic Analysis (1962) Harvard Business School p.619
  3. ↑ Lueck, Thomas J. "Vacated Corporate Headquarters Scatter the Suburban Landscape." The New York Times. December 7, 1992. A1, New York Edition. Retrieved on January 5, 2009.
  4. ↑ "PRIMERICA CORPORATION History".
  5. ↑ "American Can Company". Workers Arts and Heritage Centre. 2022. Retrieved 7 October 2022.
  6. ↑ Morgan, Ted (1976-01-25). "New! Improved!". New York Times. p. 284.
  7. ↑ "Dixie Cup Company History". Lafayette College Libraries, Easton, PA August 1995. August 1995. Archived from the original on 2011-11-12. Retrieved 7 October 2022.
  8. ↑ "COMPANY BRIEFS". The New York Times . February 13, 1985. Retrieved 6 September 2018.
  9. ↑ "American Can Picks a Name". The New York Times. 1987-03-07. Retrieved 2008-01-26.
  10. ↑ Greenhouse, Steven (November 22, 1988). "French Agree to Buy American Can's Parent". The New York Times. Retrieved 2008-04-15. Pechiney will also assume Triangle's approximately $2 billion in debt, a good part of it stemming from Triangle's acquisition strategy. In 1985, the New York-based company bought the National Can Company for $460 million and in 1986 it acquired the American Can Company for $570 million.
  11. ↑ My father worked there as an electrical engineer and designer.
  12. ↑ "American Can Company to become 202 condos; may see 600 in total". Jersey City Reporter. Archived from the original on 2007-08-25. Retrieved 2008-04-15. ... American Can Company located between Dey Street and St. Paul's Avenue ... The American Can Company was spread over a series of five buildings on St. Paul's Avenue. Only two of the five buildings will be turned into the 202 units right now, although another 398 units may be built in the other three buildings in future phases.
  13. ↑ Multhopp, Jennifer. "Lubec: A Border Town Shaped by the Sea". lubec.mainememory.net/. Maine Memory Network. Retrieved 26 August 2014.
  14. ↑ "American Can Company, Lubec, ca. 1935". mainememory.net. Retrieved 26 August 2014.
  15. ↑ "American Can to Reopen Plant". Nashua Telegraph. Retrieved 2013-08-15. ... many of the workers will come from American Can's plant in Needham Heights, Mass. which will close the end of this year.
  16. ↑ "American Can to Reopen Plant". Nashua Telegraph. Retrieved 2013-08-15. ... it will resume operations here next April ... The Portland plant was phased out on Oct. 31, 1973 after 53 years of operation ... .
  17. ↑ "American Can Company". vasonabranch.com.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.