The ratings on Consolidated Container Co. LLC and coissuer Consolidated Container Capital Inc. reflect the packaging firm's solid positions in several market sectors, offset to a large extent by a weak financial profile. Consolidated Container was formed with the merger of the U.S. packaging operations of Suiza Food Corp. and Reid Plastics Inc., which is controlled by Vestar Capital Partners III L.P. Vestar controls 51% of Consolidated Container and Suiza owns 49%. The ratings on Consolidated Container incorporate no implicit support from Suiza. The company is a leading producer of rigid plastic containers for a variety of consumer products, including dairy, water, foods and beverages, household and agricultural chemicals, and motor oil. Significant market shares in several categories, strategically located
