MeadWestvaco Buys Irish Pharm-Packaging Operation

Published: April 17, 2002, By PRESS RELEASE

STAMFORD, CT, USA—MeadWestvaco Corp. reports the acquisition of Kartoncraft Ltd., an Irish producer of high-quality pharmaceutical packaging. Says MeadWestvaco, Kartoncraft is located near Dublin, employs approximately 80 individuals, and also producers packaging for consumer electronic, beverage, and food applications.

"Ireland is a hub for many pharmaceutical companies operating in Europe," says Rita Foley, senior VP at MeadWestvaco and CEO of the company's consumer packaging group (CPG). "Kartoncraft's location and reputation as a high-quality supplier provides us with an excellent base for growth with existing and new customers. Our Mebane subsidiary is the largest US supplier of folding cartons for pharmaceutical applications, and like Mebane, Kartoncraft has relationships with several leading global pharmaceutical companies."

Foley also says the addition of Kartoncraft reflects the CPG's plans to grow with customers in targeted strategic markets to meet their complete needs. "We are fortunate to have Kartoncraft's leadership stay with us, ensuring consistent service to our customers," she adds.

Visit MeadWestvaco at meadwestvaco.com.