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PHILADELPHIA, May 13 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced today that it has been awarded a prestigious WorldStar Award in the Food/Retail Category for its Eole III(TM) high performance easy open end. Sponsored by the World Packaging Organization, WorldStar winners were formally recognized at a ceremony in Dusseldorf, Germany during Interpack, April 24 - 30...

PHILADELPHIA, May 13 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced today a new line of closures for the health & beauty, personal care, and beverage industries. Manufacturers can enhance package aesthetics, improve dispensing, and generate sales with the Orion(TM), Nomad(TM), and a full line of dispensing closures from Zeller Plastik Europe, ³Ô¹Ï51±¬ÁÏÍø's plastic closures division. These...

PHILADELPHIA, May 13 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced today that it has been awarded two Steel Packaging Effectiveness Awards 2002 by APEAL (The Association of European Producers of Steel for Packaging) for its Self-Heating Can and its shaping technology as demonstrated by the Teisseire container. Awards were given out during the evening gala of...

138% Space Increase to Expand Warehousing and Production PHILADELPHIA, May 8 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced the groundbreaking of a 112,000-square-foot expansion to Zeller Plastik, its plastic closures division, in Libertyville, IL. Scheduled to open in February 2003, the new $6.8 million facility will provide customers with a highly efficient resource for sales...

PHILADELPHIA, May 3 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced that it has completed the sale of the metal closure assets of its Danish subsidiary, ³Ô¹Ï51±¬ÁÏÍø Cork Company Scandinavia A/S, located in Taastrup, Denmark to Pelliconi Scandinavia A/S. ³Ô¹Ï51±¬ÁÏÍø Cork Company Scandinavia A/S manufactures, sells and distributes metal closures (crowns) for glass bottles to the...

PHILADELPHIA, April 22 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced breakthrough closure technology that combines the characteristics of metal and plastic to offer increased barrier performance, accommodate easier opening and support multiple filling processes. The new Ideal(TM) Closure is a unique hybrid of a metal disk, containing the elements that hold the barrier properties, and...

PHILADELPHIA, April 18 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced its results for the first quarter ended March 31, 2002. On a continuing operations basis and before the cumulative effect of an accounting change in the prior year period, the Company reported a net loss of $0.10 per diluted share compared to a net loss...

PHILADELPHIA, April 2 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) will release its earnings for the first quarter ended March 31, 2002 before trading begins on the New York Stock Exchange on Thursday, April 18, 2002. The Company will hold its customary conference call to discuss these results at 11 a.m. (EDT) the same day. The dial-in...

PHILADELPHIA, March 28 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today completed the previously announced sale of its pharmaceutical packaging business to a company backed by HSBC Private Equity Limited. Net proceeds will be used to reduce outstanding short-term indebtedness. With facilities in Offranville, France and Neuenburg, Germany, the business is a leading supplier to the world's...

PHILADELPHIA, March 20 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced that William J. Freeman will join the Company in the newly created position of Vice President - Strategic Marketing and Planning. He will report directly to John W. Conway, the Company's Chairman and Chief Executive Officer. In this new position, Mr. Freeman will be responsible...

PHILADELPHIA, March 6 /PRNewswire-FirstCall/ -- Constar, Inc., the plastic packaging division of ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced the development of a new multi-layer polyethylene terephthalate (PET) bottle for hot-fill juice products. Designed for Alfresh Beverages Canada (Toronto), the country's leading single-serve fruit juice company, the 16-ounce bottle incorporates ³Ô¹Ï51±¬ÁÏÍø's patented Oxbar(TM) oxygen scavenging technology, extending shelf...

PHILADELPHIA, March 4 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced its intention to sell its pharmaceutical packaging business to a company backed by HSBC Private Equity Limited. The contemplated transaction is, among other things, subject to consultation with the relevant workers' representatives, regulatory approval and execution of a definitive agreement. With two manufacturing facilities in...

PHILADELPHIA, Feb. 14 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced today its results for the fourth quarter and year ended December 31, 2001. The Company reported a net loss of $7.74 per diluted share for the year ended December 31, 2001, including charges for an increase in the valuation allowance for net U.S. deferred tax assets...

Company Sells Interests in Central, East & South Africa and Closes Four U.S. and Three European Plants PHILADELPHIA, Feb. 8 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced a series of actions consistent with the Company's strategy of streamlining operations to improve efficiencies and financial performance. Divestiture of African Interests The Company has reached an agreement...

PHILADELPHIA, Jan. 30 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced that it has secured an agreement from its lenders to extend $225 million of its $400 million term loan, originally due February 4, 2002 to August 4, 2002. Alan W. Rutherford, Vice Chairman and Chief Financial Officer commented, "The Company is expecting improving fundamentals in the...

PHILADELPHIA, Jan. 23 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) today announced that Raymond L. McGowan, Jr. has been named Vice President and Assistant to the President of the U.S. Food Can Division. He reports to Clinton J. Waring, President, Food Can Division. Mr. McGowan's responsibilities in his new position include Sales, Marketing, Quality and Production Planning...

PHILADELPHIA, Jan. 22 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) announced that it has completed the sale of its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million in cash subject to a net asset adjustment. Net proceeds from the transaction were used to reduce outstanding short-term indebtedness. The Thomaston plant...

PHILADELPHIA, Jan. 15 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) will release its earnings for the fourth quarter and year ended December 31, 2001 before trading begins on the New York Stock Exchange on Thursday, February 14, 2002. The Company will hold its customary conference call to discuss these results at 11 a.m. (EST) the same day...

PHILADELPHIA, Dec. 17 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Governor Schweiker of Pennsylvania signed into law a bill that limits the asbestos-related liabilities of Pennsylvania companies such as ³Ô¹Ï51±¬ÁÏÍø that incurred those liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The bill was...

PHILADELPHIA, Dec. 13 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Hugues du Rouret, 63, has been elected to the Company's Board of Directors. Mr. du Rouret is an international business consultant, and until last year he was Chairman and Managing Director of Shell France and a director of Shell Chemical Europe, both...