This merger of equals will create a leading global provider of print-based specialty packaging. The combined company will have sales of more than $1.4bn on a pro forma basis, employ over 7,000 people throughout the world, and operate from more than 50 manufacturing facilities on three continents.
The 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 multimedia end-markets.
The vast majority of operations are divided between the US and nine countries in Europe. The combined company will also have a growing presence in emerging markets, including from an existing facility in China.
It is anticipated that the merger will close during the first quarter of 2014.
Source: Chesapeake
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