American Can Company

And so we had some close friends of ours Their names are Helena and Jada and their partner John.

They actually split and the mom and the daughter who were close friends of my mom and myself ended up taking their Jaguar out of New Orleans and we left John, the husband, and the rest of his family in the American Can Company because structurally, it was one of the strongest structures.

Yeah, it was wild.

The flood hit kind of immediately, and they were stuck up on the roof for about three days.

You know? My mother and father came up from Kentucky and settled in, uh, Maywood because it was a...

They had the American Can Company there.

My dad got a job there in the '30s and helped organize the Steelworkers' Union.

So w- was your father from Paradise, West Kentucky?

Working class dude.

His family worked at the American Can Company like everyone in Maywood did.

You either worked at American Can or Domino Sugar it seemed like.

Grew up in Maywood.

In 1985, Triangle bought the National Can Company for four hundred and sixty million dollars.

The following year, it absorbed American Can Company, paying five hundred and seventy million dollars in cash and stock.

Nelson and Peter specialized in what's known as leveraged buyouts and, according to The New York Times, financed these buyouts with junk bonds.

But you might be asking at this point, how exactly do these leveraged buyouts work alongside junk bonds?