The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect the company's very aggressive financial leverage, which overshadows its weak business position in the relatively stable beverage and consumer product packaging markets. With annual revenues of about $814 million, Consolidated Container is a domestic producer of rigid plastic containers for dairy products, water, juice and other beverages, food, household and agricultural chemicals, and motor oil. About 58% of the company's revenues are derived from dairy, water, and juice packaging, which are relatively commodity-type products and have mature demand patterns. End markets are mostly stable, but product diversity is limited and customer concentration is high; the company's two largest customers, Procter&Gamble Co.
