Buy custom Crown Cork & Seal Company, Inc
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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3904 |
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revenues derived in Europe. The company's position as a global packaging powerhouse was largely gained through an aggressive program of acquisition launched in 1989, which increased net sales from $1.9 billion to $8.3 billion by the late 1990s.
The company traces its origins to 1892 when William Painter invented the 'crown cork,' a metal crown used to package soft drinks and beer in bottles...
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Painter soon started the Crown Cork & Seal Company of Baltimore. He quickly expanded the company overseas and by the time of his death in 1906 the company had manufacturing operations in Germany, France, the United Kingdom, Japan, and Brazil. After recovering from the disruptions of World War I, Crown Cork survived the Prohibition era by shifting its production from beer to soft drinks...
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