Chesapeake sells plastic packaging operation

Chesapeake Corporation announced on March 24 the sale of its plastic packaging operation, Boxmore Plastics Limited, based in Lurgan, Northern Ireland, to a team there led by its existing management.

The business, which has been renamed Beverage Plastics Limited, specializes in the production of PET plastic bottles, preforms and HDPE closures to the carbonated soft drinks and water markets. Terms of the transaction were not disclosed.

The sale of this operation is part of Chesapeake's ongoing review of its businesses and provides an opportunity for employees of the new entity to develop the business as an independent specialist in its chosen markets.

Chesapeake remains committed to further developing its ongoing plastic packaging businesses, which are focused on niche markets and products.