Chesapeake Corporation declared its offer unconditional in regard to acceptances for Boxmore International PLC, a leading European packaging company, headquartered in Belfast, Northern Ireland. The expected date for completing this acquisition is later in the first quarter of 2000.
Thomas H. Johnson, president and CEO of Chesapeake, said, ``This acquisition will strengthen Chesapeake's European specialty packaging businesses, where we are a leading supplier of folding cartons, leaflets and labels. We believe Europe is an attractive area for future growth, and see Boxmore as an important addition to expand our pan-European supply network.''
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