Triangle Industries Inc. reported a $16.6-million loss...
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Triangle Industries Inc. reported a $16.6-million loss from continuing operations during the second quarter. The loss, which compares with break-even results in the year-ago period, resulted in part from the impact of interest costs associated with the borrowing of $750 million used to finance the acquisition of Triangle by its closely held subsidiary CJI Industries Inc, which subsequently adopted the Triangle name. New York-based Triangle is the world’s largest consumer packaging concern.
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