The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect the company's very aggressive financial leverage and limited financial flexibility, which overshadows its below-average business position in relatively stable beverage and consumer product markets. With annual revenues of about $746 million, Atlanta, Ga.-based Consolidated is a domestic producer of rigid plastic containers used for packaging dairy products, water, juice and other beverages, foods, household and agricultural chemicals, and motor oil. Significant market shares in some categories, strategically located facilities (including numerous operations on site at customers' plants), and established relationships with key customers provide barriers to entry in this highly fragmented and competitive industry. End markets are mostly stable, but product diversity is
