The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect stable operating performance, adequate liquidity, positive free cash flow generation and a financial profile consistent with the rating. Standard&Poor's Ratings Services expects ongoing cost reductions, favorable raw material pass-through provisions, and commercialization of new products to continue to support the ratings despite lower-than-usual sales volumes. Consolidated Container's two major owners are Vestar Capital Partners (42%) and Franklin Plastics (35%), a subsidiary of Dean Foods Co. The ratings also reflect the company's highly leveraged financial profile and weak business risk profile. The weak business risk profile reflects the commoditized nature of its product, high customer concentration and a highly fragmented and competitive
