Chesapeake acquires Cortegra to extend U.S. footprint

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.”

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