nice news
AGCCQ: Agreement with Snapple and Mott's!!!
2005-10-07 14:44:01
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Anchor Glass Container Corporation Enters into New Long Term
Business Editors
TAMPA, Fla.--(BUSINESS WIRE)--Oct. 7, 2005--
Anchor Glass Container Corporation (Pink Sheets:AGCCQ)
today announced that it has entered into a new long-term agreement
with Snapple Beverage Corp. and Mott's LLP to continue to supply their
glass requirements through the year 2008 for certain items in their
product lines including Snapple, Yoo Hoo, Nantucket Nectars, Mistic
and Mott's items.
"Completing this contract is an extremely important step in our
restructuring process," said Mark Burgess, CEO of Anchor. "We are
excited about continuing our relationship with this very important
customer and look forward to supplying quality glass containers to
Mott's and Snapple for the next several years."
About Anchor
Anchor Glass Container Corporation is the third largest
manufacturer of glass containers in the United States. It has eight
strategically located facilities where it produces a diverse line of
flint (clear), amber, green and other colored glass containers for the
beer, beverage, food, liquor and flavored alcoholic beverage markets.
Forward-Looking Statements
This press release includes forward-looking statements.
Forward-looking statements include, without limitation, any statement
that may predict, forecast, indicate or imply future results,
performance or achievements. Forward-looking statements involve risks
and uncertainties faced by the Company including, but not limited to,
economic, competitive, governmental and technological factors outside
the control of the Company that may cause actual results to differ
materially from the forward-looking statements. These risks and
uncertainties may include the outcome of the chapter 11 proceedings,
the highly competitive nature of the glass container industry and the
intense competition from makers of alternative forms of packaging;
fluctuations in the prices for energy, particularly natural gas, and
other raw materials; the Company's focus on the beer industry and its
dependence on certain key customers; the seasonal nature of brewing
and other beverage industries; volatility in demand from emerging new
markets; the Company's dependence on certain executive officers;
changes in environmental and other government regulations; and actions
that may be taken by creditors and vendors. The Company operates in a
changing environment in which new risk factors can emerge from time to
time. It is not possible for management to predict all of these risks,
nor can it assess the extent to which any factor, or a combination of
factors, may cause actual results to differ materially from those
contained in forward-looking statements. All forward-looking
statements are subject to risks and uncertainties, including without
limitation those identified in the Company's annual report on Form
10-K, which could cause actual results to differ from those projected.
The Company disclaims any obligation to update any forward-looking
statements.
KEYWORD: NORTH AMERICA FLORIDA NEW YORK UNITED STATES
INDUSTRY KEYWORD: MANUFACTURING PACKAGING CONTRACT/AGREEMENT
SOURCE: Glass Container Corporation
CONTACT INFORMATION:
Glass Container Corporation
Rick Kabaker, 813-884-0000
