Word: stolk
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...outstanding holdout against industry-wide diversification is American Can Co., No. 1 tin-can maker, formerly top dog in the entire industry. Says American Can's President William C. Stolk: "We just don't want to acquire companies for the sake of expanding." But last year Canco expanded into fiber milk containers; this year it bought the Bradley Container Co. and branched into plastic bottles. Unless the Justice Department wins its antitrust cases, chances are the container industry will go right on making bigger packagers out of littler ones...
AMERICAN CAN: William C. Stolk, 50, was born in Venezuela (where his father was an importer), went to work instead of to college. He started with American Can's New York factory as a 17?-an-hour timekeeper in 1916, went into the Army, and after World War I toured South America as a cotton-goods salesman. He rejoined the biggest U.S. can maker in 1921 as a solder-clerk, then went into selling. He rose to sales boss in Philadelphia (where he sold the world's first pressurized tennis ball cans to the Pennsylvania Rubber...