Nottingham, UK-based premium paper packaging group Chesapeake has been acquired by US-based asset management firm The Carlyle Group for an undisclosed sum.
Chesapeake chief executive Mike Cheetham commented: “Carlyle’s backing will support our aspirations to build upon our strong investments over the past three years as we further grow and develop our business.
“This collaboration will allow us to respond effectively to new business opportunities as we look to further align our business with our customers’ global requirements,” he added.
With nearly 5,000 employees across 38 sites in 9 countries, Chesapeake is a high quality and premium producer of paper-based leaflets, labels and cartons, primarily for the pharmaceutical, confectionery and premium drinks markets, for a blue-chip client base.
Chesapeake has grown significantly in recent years to produce revenues of €580m in 2012.
