What happened to the American Can Company?
What happened to the American Can Company? The American Can Company said yesterday that it was going out of the can business and would change its name. The company said it would sell the mainstay of its business - cans and food packaging - for most of the 85 years since American Can was founded to Triangle Industries for $570 million in cash and stock. Who owns American canning? Triangle Industries 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. Is Continental Can Company...