Continental Group, Inc.

▪ American manufacturing company
formerly  (until 1976) Continental Can Company,  

      American manufacturer and distributor of metal, paper, and plastic packaging products. The company also produces package-making equipment and owns paper mills and a life insurance company, the Virginia-based Richmond Company. It is headquartered in Stamford, Conn.

      The company was incorporated in 1913 to acquire three can-making companies. After acquiring a number of other can and paper companies, the name Continental Can Company was adopted. In 1976, however, the name was changed to the Continental Group to reflect the company's diversification into forest products and insurance.

      Continental is one of the world's major multinational companies. It has been operating in Europe since 1930, when it began investing in Dutch and German packaging companies. In 1969 Continental, deciding that the American can market had become nearly saturated, determined to emphasize overseas operations, especially in Europe. In 1970 it formed what Continental hoped would become Europe's largest packaging company, Europemballage Corporation. Antitrust action by the European Economic Community, however, eventually barred it from taking an increasing share of the European market. Continental also has marketing contracts in many countries outside western Europe, including Poland and China.

      In 1976 Continental bought the Richmond Corporation, a small life insurance company that Continental hoped would provide the cash needed for continued expansion. The company also owns and operates an oil and gas exploration company and a natural-gas pipeline system. In the 1970s Continental modernized much of its equipment so as to produce thinner cans with only two pieces of metal instead of the three pieces needed in the old can-making process.

* * *


Universalium. 2010.

Look at other dictionaries:

  • Continental Airlines, Inc. — ▪ American company       American based airline dating from 1934 and serving both North American and overseas destinations, with hubs mainly in Newark, N.J.; Cleveland, Ohio; Houston, Texas; and Denver, Colo., U.S. Its parent company is… …   Universalium

  • Continental Can Company — (CCC) was an American producer of metal containers and packaging company. The Continental Can Company was founded by Edwin Norton[1] T.G. Cranwell in 1904,[2] three years after the formation of its greatest rival, American Can Company.[2]… …   Wikipedia

  • Continental Express — Continental Airlines Pour les articles homonymes, voir Continental. AITA CO …   Wikipédia en Français

  • Continental Airlines — IATA CO OACI COA Indicativo CONTINENTAL …   Wikipedia Español

  • Continental Airlines — Not to be confused with Continental Airways, a low cost airline in Russia. Continental Airlines IATA CO …   Wikipedia

  • Continental Airlines — Данные в этой статье приведены по состоянию на 1 октября 2010 года. Вы можете помочь, обновив информацию в статье. У этого те …   Википедия

  • Continental Wrestling Association — Acronym CWA Founded March 20, 1977 Style Rasslin Headquarters Memphis, Tennessee Nashville, Tennessee Founder(s) …   Wikipedia

  • Continental AG — У этого термина существуют и другие значения, см. Continental (значения). Continental AG …   Википедия

  • Continental Center I — For the building in Chicago, Illinois formerly named Continental Center, see Metropolitan Tower (Chicago). Continental Center I Continental Center I during the day General information Typ …   Wikipedia

  • Continental Mark II — The Continental Mark II was a personal luxury car produced by the Continental Division of the Ford Motor Company in 1956 through 1957. Many aficionados of the automobile consider the Continental Mark II one of the classics of the postwar period.… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.