The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect the company's 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 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 our assessment of the company's financial profile as "highly leveraged" and business risk as "weak" (as our criteria define the terms). The weak business risk profile reflects the commoditized nature
