Merger: Chesapeake and Multi Packaging Solutions join forces

20 November 2013


Consumer packaging manufacturer Chesapeake Services Ltd is to merge with US-based Multi Packaging Solutions, Inc (MPS).

Described in a statement as “a merger of equals”, the move will create a leading global provider of print-based specialty packaging, with combined sales of more than $1.4 billion on a pro forma basis, operating from more than 50 manufacturing facilities on three continents and employing over 7,000 people.

Providing access to new market sectors for both parties, the new combined company will supply a broad range of packaging, including printed folded cartons, labels, inserts/leaflets, rigid boxes and specialist packaging for the pharmaceutical/ healthcare, consumer, personal care, confectionery, spirits and multi-media end-markets.

MPS CEO Marc Shore has been appointed chief executive of the new company, while Chesapeake CEO Mike Cheetham and current MPS president Dennis Kaltman will be co-presidents, serving with Shore on the executive committee responsible for overseeing the integration and growth of the combined company.

“Both companies have benefited from a strong ongoing investment programme and will continue to invest in order to deliver on the considerable growth opportunity this merger presents,” says Mike Cheetham.

“Our extensive global network of dedicated operations provides our customers with a strategic partner for their long-term needs.”

Marc Shore adds: “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.

“The ability to produce these goods and services in the United States, Europe and China will also give our customers consistency on a global basis.”

In July 2013, Chesapeake was acquired by private equity house Carlyle Group, while MPS is part of the Madison Dearborn Partners portfolio.

The merger is expected to complete in the first quarter of 2014, subject to regulatory approvals.



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