M&A Deal Summary

Dean Foods Acquires Continental Can Company

On May 29, 1998, Dean Foods acquired packaging company Continental Can Company from Ball and Crown

Acquisition Highlights
  • This is Dean Foods’ 1st transaction in the Packaging sector.
  • This is Dean Foods’ 4th transaction in the United States.
  • This is Dean Foods’ 1st transaction in Connecticut.

M&A Deal Summary

Date 1998-05-29
Target Continental Can Company
Sector Packaging
Buyer(s) Dean Foods
Sellers(s) Ball
Crown
Deal Type Divestiture

Target

Continental Can Company

Norwalk, Connecticut, United States
Continental Can Company, Inc. is a operates as packaging business. It offers metal cans,plastic films and pet food processors.

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Buyer(S) 1

Buyer

Dean Foods

Dallas, Texas, United States

Category Company
Founded 1925
Sector Food
Employees15,000
Revenue 7.8B USD (2018)
DESCRIPTION
Dean Food's corporate headquarters in Dallas, Texas.
Dean Food's corporate headquarters in Dallas, Texas.

Dean Foods is a processor and distributor of dairy products. Dean Foods was formed in 1925 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 11
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 4
State (Connecticut) 1 of 1
Country (United States) 4 of 10
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-20 Country Fresh

Grand Rapids, Michigan, United States

Country Fresh is a food processor and distributor. The Company operates 8 facilities and produces a variety of juices and dairy products. Country Fresh is based in Grand Rapids, Michigan.

Buy $97M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-27 Agrilink - Pickle Business

Tacoma, Washington, United States

Agrilink - Pickle Busines, provides food services in pickle, pepper and relish products.

Buy -

Seller(S) 2

SELLER

Ball

Westminster, Colorado, United States

Category Company
Founded 1880
Sector Packaging
Employees16,000
Revenue 14.0B USD (2023)
DESCRIPTION
Entrance to Ball Corporation's corporate headquarters in Broomfield, Colorado.
Entrance to Ball Corporation's corporate headquarters in Broomfield, Colorado.

Ball is a supplier of metal packaging to the beverage, food, personal care and household products industries. Ball's packaging products are produced for a variety of end uses and are manufactured in facilities around the world. The Company also provides aerospace and other technologies and services to governmental and commercial customers within our aerospace and technologies segment. Ball was incorporated in 1880 and is based in Westminster, Colorado.


DEAL STATS #
Overall 1 of 6
Sector (Packaging) 1 of 5
Type (Divestiture) 1 of 6
State (Connecticut) 1 of 1
Country (United States) 1 of 4
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-11-26 Kerr Group

Lancaster, Pennsylvania, United States

Kerr Group is a leading provider of specialty plastic closure products to the pharmaceutical and food and beverage industries in North America. Kerr designs and manufactures highly engineered, proprietary, injection-molded plastic closures that incorporate functional features such as child resistance and tamper evidence. Kerr is recognized as a market leader in technological innovation.

Buy $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 Schmalbach-Lubeca Holdings

Downers Grove, Illinois, United States

Schmalbach-Lubeca Holdings, Inc company produces more than 12 billion aluminum and steel beverage cans and easy-opening can ends.

Buy €900M
SELLER

Crown

Yardley, Pennsylvania, United States

Category Company
Founded 1892
Sector Packaging
Employees25,000
Revenue 12.0B USD (2023)
DESCRIPTION

Crown is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. Crown was founded in 1892 and is based in Yardley, Pennsylvania.


DEAL STATS #
Overall 1 of 5
Sector (Packaging) 1 of 5
Type (Divestiture) 1 of 5
State (Connecticut) 1 of 2
Country (United States) 1 of 3
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 CarnaudMetalbox Engineering

Shipley, United Kingdom

CarnaudMetalbox Engineering Ltd. is a manufacturer of metal and plastic packaging machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-13 Crown Cork - Fragrance Pump Business

Thomaston, Connecticut, United States

Crown Cork - Fragrance Pump Business engages in cosmetics packaging. The primary products manufactured at the plant consist of a line of fine mist spray actuated pumps used in personal fragrance applications.

Sell $107M