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  • Crown Cork & Seal Announces Series of Actions to Streamline Operations

    Friday, February 8, 2002 
             Company Sells Interests in Central, East & South Africa and
                  Closes Four U.S. and Three European Plants

    PHILADELPHIA, Feb. 8 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) today announced a series of actions consistent with the Company's strategy of streamlining operations to improve efficiencies and financial performance.

    Divestiture of African Interests

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  • Crown Cork & Seal Extends Term Loan

    Wednesday, January 30, 2002

    PHILADELPHIA, Jan. 30 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) announced that it has secured an agreement from its lenders to extend $225 million of its $400 million term loan, originally due February 4, 2002 to August 4, 2002.

    Alan W. Rutherford, Vice Chairman and Chief Financial Officer commented, "The Company is expecting improving fundamentals in the packaging sector in 2002 and the extension of a portion of the term loan will provide additional flexibility to finance the working capital requirements during the season."

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  • Raymond L. McGowan Joins Crown Cork & Seal as Vice President, U.S. Food Can Division

    Wednesday, January 23, 2002

    PHILADELPHIA, Jan. 23 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) today announced that Raymond L. McGowan, Jr. has been named Vice President and Assistant to the President of the U.S. Food Can Division. He reports to Clinton J. Waring, President, Food Can Division.

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  • Crown Cork & Seal Completes Sale of its Fragrance Pump Business

    Tuesday, January 22, 2002

    PHILADELPHIA, Jan. 22 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) announced that it has completed the sale of its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million in cash subject to a net asset adjustment. Net proceeds from the transaction were used to reduce outstanding short-term indebtedness.

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  • Crown Cork & Seal Schedules Full Year 2001 Earnings Conference Call

    Tuesday, January 15, 2002

    PHILADELPHIA, Jan. 15 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) will release its earnings for the fourth quarter and year ended December 31, 2001 before trading begins on the New York Stock Exchange on Thursday, February 14, 2002. The Company will hold its customary conference call to discuss these results at 11 a.m. (EST) the same day.

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  • Crown Cork & Seal Comments On New Pennsylvania Asbestos Law

    Monday, December 17, 2001

    PHILADELPHIA, Dec. 17 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Governor Schweiker of Pennsylvania signed into law a bill that limits the asbestos-related liabilities of Pennsylvania companies such as Crown that incurred those liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The bill was passed overwhelmingly by both houses of the Pennsylvania General Assembly last week.

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  • Crown Cork & Seal Elects Outside Board Member

    Thursday, December 13, 2001

    PHILADELPHIA, Dec. 13 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Hugues du Rouret, 63, has been elected to the Company's Board of Directors. Mr. du Rouret is an international business consultant, and until last year he was Chairman and Managing Director of Shell France and a director of Shell Chemical Europe, both affiliates of the Royal Dutch Group. With this appointment, the Board now has 11 members.

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  • Crown Cork & Seal Announces Agreement to Sell Fragrance Pump Business

    Thursday, December 13, 2001

    PHILADELPHIA, Dec. 13 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced an agreement to sell its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million subject to a net asset adjustment. Net proceeds from the transaction will be used to reduce outstanding short-term indebtedness. The Company expects to complete the transaction following necessary regulatory approvals.

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  • Crown Cork & Seal Bottles 'Tall Blonde' in Shatterproof Plastic

    Friday, December 7, 2001

    PHILADELPHIA, Dec. 7 /PRNewswire/ -- Constar, Inc., the plastic packaging division of Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) and Carolina Beer Company (Mooresville, NC) today announced the launch of "Tall Blonde," a lightweight, shatterproof plastic beer bottle for "Carolina Blonde" beer.

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  • Crown Cork & Seal to Delist From the Paris Stock Exchange

    Tuesday, November 20, 2001

    PHILADELPHIA, Nov. 20 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) today announced that the Company intends to delist its shares from the Paris Stock Exchange (Bourse) due to consistently low trading volumes. This action will be effective on December 27, 2001. Crown has retained Societe Generale as its agent in the delisting process.

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