The rating on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflects the company's highly leveraged financial profile, which overshadows its weak business risk profile in the relatively stable beverage and consumer product packaging markets. Atlanta-based Consolidated Container has annual revenues of about $904 million and is a domestic producer of rigid plastic containers for dairy products, water, juice, and other beverages; food, household, and agricultural chemicals; and motor oil. The company derives about 59% of its revenues from dairy, water, and juice packaging, which are relatively commodity-type products and have mature demand patterns. Consolidated Container's end markets are mostly stable, but its product diversity is limited and customer concentration is high. The company's largest
