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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) today announced an agreement to sell its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million subject to a net asset adjustment. Net proceeds from the transaction will be used to reduce outstanding short-term indebtedness. The Company expects to...

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...

PHILADELPHIA, Dec. 7 /PRNewswire/ -- Constar, Inc., the plastic packaging division of ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) and Carolina Beer Company (Mooresville, NC) today announced the launch of "Tall Blonde," a lightweight, shatterproof plastic beer bottle for "Carolina Blonde" beer. The 16-ounce polyethylene terepthalate (PET) bottle uses multi-layer construction incorporating ³Ô¹Ï51±¬ÁÏÍø's patented Oxbar(TM) oxygen scavenger...

PHILADELPHIA, Nov. 20 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced that the Company intends to delist its shares from the Paris Stock Exchange (Bourse) due to consistently low trading volumes. This action will be effective on December 27, 2001. ³Ô¹Ï51±¬ÁÏÍø has retained Societe Generale as its agent in the delisting process. Shareholders with...

PHILADELPHIA, Oct. 18 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced its results for the third quarter and nine months ended September 30, 2001. On a continuing operations basis, the Company reported a net loss of $0.10 per diluted share for the third quarter compared to net income of $0.35 per diluted share in...

PHILADELPHIA, Oct. 15 /PRNewswire/ -- Constar Inc., a subsidiary of ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced the launch of a resealable pasteurizable PET bottle capable of withstanding the rigorous tunnel pasteurization processes that are used to produce the majority of all packaged beer globally. The pasteurizable PET bottle has completed successful line trials with...

PHILADELPHIA, Oct. 1 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) will release its earnings for the third quarter ended September 30, 2001 before trading begins on the New York Stock Exchange on Thursday, October 18, 2001. The Company will hold its customary conference call to discuss these results at 11 a.m. (EDT) the same day...

PHILADELPHIA, Aug. 14 /PRNewswire/ -- Constar Inc., a subsidiary of ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) and AriZona Beverages, maker of Arizona Ice Teas, today announced an agreement to develop a dramatic new 42 ounce plastic (PET) bottle in the signature Arizona long neck shape. The long neck PET bottle is an industry first for a...

PHILADELPHIA, Aug. 7 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) In response to increasing market demand in Spain and Portugal, ³Ô¹Ï51±¬ÁÏÍø Cork & Seal today announced it will install a two piece beverage can line in Seville, Spain. The beverage can market in the Iberian Peninsula has been one of the fastest growing regions in...

PHILADELPHIA, July 26 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Hans J. Loliger, 58, Vice Chairman of Winter Group, Basel, Switzerland, a leading supplier of covering materials to the luxury packaging industry, has been elected to the Company's Board of Directors. The Board now has 10 members. Until the end of 2000...

PHILADELPHIA, July 18 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced its results for the second quarter and six months ended June 30, 2001. The Company reported net income from continuing operations of $0.05 per diluted share. Net sales in the second quarter were $1.9 billion, 2.9% less than the same period last year...

PHILADELPHIA, July 9 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) will release its earnings for the second quarter ended June 30, 2001 before trading begins on the New York Stock Exchange on Thursday, July 19, 2001. The Company will hold its customary conference call to discuss these results at 11 a.m. (ET) the same day...