Carlyle, Madison Dearborn Merge Packaging Manufacturers

Law360, New York (November 19, 2013, 1:49 PM EST) -- The Carlyle Group LP and Madison Dearborn Partners LLC plan to merge their packaging-related portfolio companies into a print-based specialty packaging company that is expected to boast sales of more than $1.4 billion, the private equity firms said Tuesday.

The financial terms of the merger of Carlyle Group’s Chesapeake Services Ltd. and Madison Dearborn’s Multi Packaging Solutions Inc. were not disclosed, but the private equity firms said they would evenly split ownership of the new company.

Chesapeake focuses on manufacturing printed folded cartons, leaflets and labels,...
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