Word: containerized
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Directors of Wards and Container Corp. of America, the largest U.S. producer of paperboard packages (1967 sales: $463 million) agreed to wrap their fortunes in the same carton by forming a holding company. With Brooker, 63, as chairman and chief executive, and Container Corp. President Leo H. Schoenhofen, 53, as...
Profitable Options. Stockholders can opt to trade a share of Container Corp., worth $38 at week's end, for a $45 share of convertible preferred stock in the yet-to-be-named holding company. Or 49% of them can have a $55 debenture paying 61% interest for 20 years...
Even with Container Corp. in its fold (and combined revenues of $2.36 billion for last year), Montgomery Ward would still rank third in its field, well behind Sears, Roebuck and a bit below J.C. Penney. In his seven-year struggle to revitalize Wards, Tom Brooker has unabashedly borrowed many tactics...
U.S. city incinerators now destroy about 3,000,000 metric tons of other valuable metals a year; magnetic extractors could save the metal and reduce incineration by 10%. The packaging industry could do a profound service by switching to materials that rot-fast. The perfect container for mankind is the...
Inside Looking Out. Ralph T. Coe, assistant director of Kansas City's Nelson-Atkins Gallery, is betting that environments will have an expanding role. "Form, as we have known it, is disappearing in favor of the container, which can occupy real space," he says. "Instead of looking at art...