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Packaging consolidation rife as US giant sells site and rebrands.(Chesapeake Corp.)(Brief article)
Packaging's biggest names have gone through another week of consolidation after Chesapeake rebranded and sold a plant to Mayr-Melnhof and Macfarlane Group bought a distribution specialist.
Both Chesapeake and Macfarlane have said they are looking for further deals, suggesting that 2008 will bring another raft of M&A activity after a busy period of consolidation in 2007 (see box).
US-owned packaging giant Chesapeake has sold a cigarette packaging facility near Bremen, Germany to Mayr-Melnhof, citing falling demand and plans to restructure part of its manufacturing base in Eastern Europe Financial details of the deal were not disclosed.
The firm has …
