Solo Cup Company
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Solo Cup Company is a manufacturer of consumer packaging products: disposable beverage cups, disposable plates and bowls. Solo Cup Company is located in Lake Forest, Illinois, and in 2006 had sales of $2.4 billion. On May 4, 2012, Solo Cup Company was acquired by Dart Container.
Leo Hulseman, a former employee of the Dixie Co. in the 1930s, created the "Solo Cup", a paper cone he made at his home and sold to bottled-water companies. He founded the Solo Cup Company in 1936, and came up with other products like wax-coated cups and the plastic Cozy Cup.
On 1 March 2004, Solo acquired Sweetheart Cup Company for $917.2 million, in part with public debt. Sweetheart was founded by Joseph Shapiro and his four brothers, emigrants from Russia. It became the largest consumer packaging company in the world and was sold several times before being acquired by Solo Cup. Following the acquisition, Solo Cup's finances suffered, and Standard & Poor's lowered their credit rating from B to CCC+. In late 2006, Solo Cup was reported to be $1.1 billion in debt.
The founder and owner for many years of Solo Cup was Leo Hulseman (1898–1989), whose wife was a singer known by her stage name Dora Hall (whose records were all given away free of charge through Solo promotions).
Leo Hulseman was an active polo player. Hulseman was also the founder and owner of Premore Inc. Premore was a TV production company on the Culver Studios lot for many years in the 1970s and 1980s and later moved to North Hollywood. Premore produced children's TV shows including Tony the Pony (like the later Barney & Friends) and The Clifford Avenue Kids (like Our Gang). Other programs produced at the Premore facilities included Greystone's The Real West and Candid Camera. Premore's television studio stage, remote truck, and post production were used for Hall's shows and rented for TV specials and sports. Premore Inc. was closed in 1993, four years after the death of Leo Hulseman.
Robert L. Hulseman, son of the founder Leo Hulseman, became CEO in 1998.
The red plastic cups are notably used in American college and university games such as beer pong and flip cup. This usage is referenced in Toby Keith's song "Red Solo Cup". The red party cup outsells the blue variety by a wide margin.
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- "Toby Keith's 'Red Solo Cup' song - stupid or awesome?". USA Today. 16 November 2011. Retrieved 19 November 2011.