beverage containers and secures the bottom panel sections together to form the intermediate form of carrier shown in fig2 as illustrated the end panels 48 extend outwardly from the top panel 12 and the gusset panels 54 are folded down about fold lines 58 as a result of the initial folding process the gusset panels at this point remain basically unfolded along fold lines 56 the bottles b are securely held in the carrier by a combination of pressures snugly fitting between the side panels 14 and partially extending through the heel cutouts 34 the caps of the bottles partially extend through the cap cutouts 20 to further assist in holding the bottles in place inward pressure applied by a packaging machine element not shown against the end flaps 48 causes the end flaps to fold inwardly about score lines 50 and the gusset panels 54 to fold downwardly about fold lines 56 the resulting downward movement of the end panels 48 and the gusset panels 54 causes the end panels and connect gusset panels to have relative upward folding movement about fold lines 58 allowing the gusset panels to fold down about fold lines 56 until the end panels reach their final position shown in fig3 as shown the end panels can be made to extend down far enough to cover the significant portions of the containers or bottles b and can be made wide enough to extend substantially fully across the end opening between the side panels 14 the intersection of fold lines 58 and gusset panel edges 64 is located a relatively short distance from the top panel 12 compared to the length of the end panels by this arrangement.