The American Can Company was incorporated in 1901.[4] In 1985, Nelson Peltz's New York-based Triangle Industries bought the National Can Company for $460 million and in 1986 it acquired Gerald Tsai's American Can Company for $570 million. The two companies were merged to form American National Can in 1987. In 1988, Pechiney S.A., the state-owned French metal conglomerate, acquired Triangle Industries. At the time of the buyout, American Can was the largest can company in the United States.[5] Rexam acquired American National Can in 2000. American Can was a company started by Irving Fein and it was originally called Fein Container Corp.