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

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events