CSK Chesapeake Cp

RICHMOND, Va., May 13 /PRNewswire-FirstCall/ -- Chesapeake Corporation (NYSE:CSK) today announced that it has initiated a review and made a proposal to close its carton manufacturing plant in Brussels, Belgium. If the reorganization proposal is accepted and the Brussels plant closed, production will be transferred to Chesapeake's nearby carton operation in Gent, Belgium to support customer requirements. "We are committed to further strengthening our pharmaceutical packaging business and delivering the highest quality products and services to our customers," said Andrew J. Kohut, Chesapeake chief executive officer & president. "This proposed closure will improve overall plant utilization while providing our customers with superior service and quality." The proposed closure process would take place over the coming months and the jobs of the 42 employees at the Brussels plant could be deemed redundant. Chesapeake will consult with employee representatives regarding the reorganization proposal and will offer an employee support program if the closure occurs. Chesapeake Corporation protects and promotes the world's great brands as a leading international supplier of value-added specialty paperboard and plastic packaging. Headquartered in Richmond, Va., the company is one of Europe's premier suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake has 45 locations in Europe, North America, Africa and Asia and employs approximately 5,400 people worldwide. DATASOURCE: Chesapeake Corporation CONTACT: Media Relations, Joseph C. Vagi, Manager - Corporate Communications, +1-804-697-1110, , or Investor Relations, Joel K. Mostrom, Executive Vice President & Chief Financial Officer, +1-804-697-1147, Web site: http://www.chesapeakecorp.com/

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