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

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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events