Loews Corporation announced that it has completed its acquisition of Consolidated Container Company (CCC), a leading rigid plastic packaging manufacturer based in Atlanta, GA.

CCC provides packaging solutions to stable consumer end markets such as beverage, food and household chemicals.  With a network of manufacturing locations across the United States, CCC reliably provides quality products to its customers.  The $1.2 billion acquisition, subject to customary purchase price adjustments, was funded with approximately 50 percent cash-on-hand and 50 percent debt at CCC.

Source: prnewswire.com