Chesapeake merging with Multi Packaging Solutions

By Jim Johnson
Senior Staff Reporter

Published: November 21, 2013 11:54 am ET
Updated: November 21, 2013 11:56 am ET

Related to this story

Topics Mergers & Acquisitions Packaging Blow Molding
Companies & Associations

Chesapeake Services Ltd., which has a unit that makes plastic bottles and containers, is merging with Multi Packaging Solutions Inc. in a deal involving two companies chiefly involved with paper-based packaging.

“The combined manufacturing footprint and technological capabilities are truly unique and will position us to match our customers' needs with a broader range of products and operational flexibility,” said Marc Shore, CEO of MPS and the newly combined firm.

Chesapeake offers high density polyethylene and PET bottles and containers ranging from 100 milliliters to 30 liters, the company said on its website. Neck sizes range from 28 to 63 millimeters.

The new company will have sales of $1.4 billion annually, employ more than 7,000 workers and operate more than 50 manufacturing sites in the United States, Europe and China.

Ownership of the combined company will be split between investment firms Madison Dearborn Partners LLC and The Carlyle Group and management of both firms.

Carlyle Group had just acquired Nottingham, England-based Chesapeake from Irving Place Capital and funds managed by Oaktree Capital Management in July. Madison Dearborn Partners completed a deal for Multi Packaging Solutions, of New York, from Irving Place Capital in August.


Comments

Chesapeake merging with Multi Packaging Solutions

By Jim Johnson
Senior Staff Reporter

Published: November 21, 2013 11:54 am ET
Updated: November 21, 2013 11:56 am ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events