The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect the company's highly leveraged financial profile, high customer concentration, and the highly fragmented and competitive industry structure. These weaknesses are partially mitigated by its weak business risk profile reflective of a relatively stable beverage and consumer product packaging markets. Atlanta-based Consolidated Container has annual revenues of about $829 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 commodity-type products and have mature demand patterns. Consolidated Container's end markets are mostly
