Chesapeake to acquire U.S. leaflet, label producer Cortega from Menasha, including two production facilities for pharmaceutical, health care sector, extends Chesapeake's product range, U.S. footprint
September 1, 2011
– Chesapeake Pharmaceutical and Healthcare Packaging has reached an agreement to acquire Cortegra Group, Inc., a leading U.S. producer of pharmaceutical leaflets and labels, from Menasha Corporation. Cortegra, which has two production facilities dedicated to the pharmaceutical and healthcare sector, perfectly complements Chesapeake’s existing three U.S. facilities and further augments its extensive global supply network.
Commenting on the acquisition, Mike Cheetham, Chesapeake’s CEO, said, “Cortegra enjoys a coveted reputation as a high-quality supplier to the U.S. pharmaceutical market. It is an ideal partner to strengthen our service to customers and adds both size and scale to our U.S. operations. The acquisition extends our product range, customer base and our geographical reach. As well as presenting significant cross-selling opportunities, it reinforces our market position and demonstrates our commitment to the key markets we serve.”
Menasha Corporation President and CEO, Jim Kotek, said, “Aligning Cortegra with Chesapeake will position Cortegra for future growth and investments in innovative technology that will be of great benefit first and foremost to its customers, as well as to the business and its employees.”
Cortegra has production sites on the east coast in Fairfield, New Jersey as well as a mid-west location at Evansville, Indiana. Employing 150 people, the business is certified to stringent international standards and delivers a broad range of products - patient information leaflets, self-adhesive labels, folding cartons – as well as combination products and related services to multinational and generic healthcare companies.
Mike Cheetham, went on to say, “The acquisition of Cortegra is an important part of our strategy to grow and develop our business. Over the past two years, Chesapeake Pharmaceutical and Healthcare Packaging has benefited from an unmatched investment programme which has provided new generation production equipment and strengthened customer service levels. We will continue to look at further opportunities to strengthen our integrated supply network in other regions both through acquisitions and customer-focused investment.”
Chesapeake protects and promotes the world's great brands as a leading international supplier of consumer packaging. The company is one of Europe's leading suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake now has 42 locations in Asia, Europe and the United States and employs approximately 5,000 people worldwide.
About Menasha Corporation
Menasha Corporation is based in Neenah, Wisconsin. Established in 1849, it is one of America’s oldest privately held manufacturing companies and specializes in high-end graphic packaging and point-of-purchase displays, plastic returnable packaging and in-store consumer promotion. The company has more than 3,100 employees in 50 facilities located in the United States, Canada, Europe, Mexico and China . Visit its web site at menasha.com.
About Cortegra Group, Inc.
Cortegra, with manufacturing facilities in Fairfield, New Jersey, and Evansville, Indiana, brings single-source excellence to healthcare packaging materials. With more than six decades of pharmaceutical printing experience, the company has become one of the recognized leaders in providing packaging and labeling services to the healthcare and related industries. Its products include brand authentication technologies, labels, inserts, outserts, folding cartons, flexible packaging and booklets. For more information, see cortegra.com.