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Prospector
Profile
07.1213
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| Solo Cup Company |
NAICS |
322299 |
| 1700 Old Deerfield Rd.
Highland Park, IL 60035 |
Description |
Disposable Cups Mfg. |
| (847) 831-4800 |
Employees |
11500 |
| http://www.solocup.com/ |
Revenue |
(mil) |
2489.9190 |
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Income |
(mil) |
-373.2500 |
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Assets |
(mil) |
1542.3900 |
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Liability |
(mil) |
1528.8070 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Solo Cup Company had total assets of $1,399,737,000, total liabilities of $1,422,591,000, resulting in total stockholders' deficit of $22,854,000 as of July 1, 2007. For the six months ended July 1, 2007, the Company reported net sales of $1,200,000,000, that decreased by about $40,000,000 over net sales of $1,240,000,000 for the six months ended July 2, 2006. The Company reported a net loss for the six months ended July 1, 2007 of $35,500,000.
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Intellectual Property:
The Company relies on a combination of trade secrets, confidentiality agreements, patent, trademark, copyright, unfair competition and other intellectual property laws to protect intellectual property and other proprietary rights. The Company owns a number of patents, which vary in duration, depending upon when the patent was filed or granted. The Company currently has approximately 176 issued and 161 pending U.S. and foreign patents. [SEC Filing 10-K 03-30-07]
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Description:
The Company is a global producer and marketer of disposable foodservice products. It manufactures cups, lids, food containers, plates, bowls, portion cups, stirrers, straws, cutlery, napkins, placemats, tablecovers and disposable food packaging containers.
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Officers:
Robert L. Hulseman (Chair, CEO & Dir.); Robert M. Korzenski (Vice Chair, Pres. & COO); Kathleen C. Wolf (EVP); Hans H. Heinsen (EVP); Thomas Pasqualini (EVP); Jan Stern Reed (EVP, Gen. Counsel & Sec.); Anil P. Shah (EVP); Eric A. Simonsen (Interim CFO); Sheila M. Hulseman (Dir.); Georgia S. Hulseman (Dir.); Daniel S. O’Connell (Dir.); Norm W. Alpert (Dir.)
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Auditor:
KPMG LLP
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Securities:
100 common shares outstanding as of March 30, 2007.
8.5% senior subordinated notes due February 15, 2014.
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