American Can Company


The American Can Company was a manufacturer of tin cans. It was a member of the Tin Can Trust, that controlled a "large percentage of business in the United States in tin cans, containers, and packages of tin." American Can Company ranked 97th among United States corporations in the value of World War II military production contracts. During its peak of productivity, the American Can Company employed up to 800 people from the surrounding neighborhoods. It was formerly a member of the Dow Jones Industrial Average from 1959–1991, though after 1987 it had renamed itself Primerica, a financial conglomerate which had divested itself of its packaging arm in 1986.
Primerica, after it was merged with Sanford I. Weill's Commercial Credit Company, would form the basis of what would become Citigroup.
The American Can Company had its headquarters at the Pershing Square Building in Manhattan, New York City until 1970, when it moved into a Greenwich, Connecticut facility, which had been developed on of wooded land in the late 1960s. In the early 1980s American Can renamed itself and ended its operations in Greenwich.

History

The American Can Company was incorporated in 1901.
In 1985, Nelson Peltz's New York-based Triangle Industries bought the National Can Company for $460 million. The same year, it acquired the Dunham's Sports athletic store chain and made it part of its retail sector, which also included Musicland and Fingerhut.
In 1986, it acquired the packaging division of Gerald Tsai's American Can Company for $570 million.
In 1987 American Can announced that it would change its 86-year-old name to "Primerica".
In 1998, Pechiney S.A., the state-owned French metal conglomerate, acquired Triangle Industries. At the time of the buyout, American National Can was the largest can company in the United States. Rexam acquired American National Can`s metal can business in 2000.
American Can was formed as Phoenix Can commenced upon a Mergers and Acquisition program to consolidate competitors and named the newly created entity American Can.

Facilities

*
Honolulu, Hawaii