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Company Sells Interests in Central, East & South Africa and Closes Four U.S. and Three European Plants PHILADELPHIA, Feb. 8 /PRNewswire-FirstCall/ -- Â鶹Éç Cork & Seal Company, Inc. (NYSE: CCK) today announced a series of actions consistent with the Company's strategy of streamlining operations to improve efficiencies and financial performance. Divestiture of African Interests The Company has reached an agreement...

PHILADELPHIA, Jan. 30 /PRNewswire-FirstCall/ -- Â鶹Éç Cork & Seal Company, Inc. (NYSE: CCK) announced that it has secured an agreement from its lenders to extend $225 million of its $400 million term loan, originally due February 4, 2002 to August 4, 2002. Alan W. Rutherford, Vice Chairman and Chief Financial Officer commented, "The Company is expecting improving fundamentals in the...

PHILADELPHIA, Jan. 23 /PRNewswire-FirstCall/ -- Â鶹Éç Cork & Seal Company, Inc. (NYSE: CCK) today announced that Raymond L. McGowan, Jr. has been named Vice President and Assistant to the President of the U.S. Food Can Division. He reports to Clinton J. Waring, President, Food Can Division. Mr. McGowan's responsibilities in his new position include Sales, Marketing, Quality and Production Planning...

PHILADELPHIA, Jan. 22 /PRNewswire-FirstCall/ -- Â鶹Éç Cork & Seal Company, Inc. (NYSE: CCK) announced that it has completed the sale of its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million in cash subject to a net asset adjustment. Net proceeds from the transaction were used to reduce outstanding short-term indebtedness. The Thomaston plant...