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 Packaging, Mergers & Acquisitions, Blow Molding

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

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms...    More

Image

Bubbles add some flair to 'Plain Jane' PET bottles

December 17, 2014 1:05 pm ET

Ron Puvak and the folks over at Plastic Technologies Inc. see big things coming from some very tiny bubbles.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events