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CHESAPEAKE CORPORATION AGREES TO PURCHASE LAWLESS HOLDING CORPORATION

 RICHMOND, Va., Dec. 10 /PRNewswire/ -- Chesapeake Corporation (NYSE: CSK) announced today that it has signed a letter of intent for Chesapeake Packaging Co. to acquire Lawless Holding Corporation, based in North Tonawanda, N.Y. Lawless Holding Corporation, with sales of approximately $60 million, includes the Lawless Container Corporation corrugated container plant in North Tonawanda, corrugated sheet plants located in Scotia, N.Y., Le Roy, N.Y., and Madison, Ohio, and Lawless Packaging and Display, a consumer graphics packaging plant located in Buffalo, N.Y.
 Samuel J. Taylor, group vice president-packaging of Chesapeake Corporation and president of Chesapeake Packaging Co., said: "We are extremely impressed with Lawless. We believe that our corporate cultures and management philosophies are very similar. This acquisition is a logical extension of our business. The recent expansions of Color- Box, Inc., located at Richmond, Ind., and the addition of Lawless Packaging and Display Division will increase our strategic focus on the consumer graphic packaging market. These operations, along with all the excellent container plants which now make up Chesapeake Packaging Co., will continue our growth in the packaging business."
 Commenting on the acquisition, J. Carter Fox, president and chief executive officer of Chesapeake Corporation, said: "The purchase of Lawless helps us achieve our objective of expanding our packaging business. Our strategy is to concentrate on businesses in which we can be successful and markets that fit our size. We feel that the Lawless Holding Corporation operations are a great fit for our strategic business objectives at Chesapeake Corporation."
 Chesapeake Corporation, a Fortune 500 company headquartered in Richmond, is a paper and packaging company. Chesapeake Packaging Co. based in Richmond, a wholly owned subsidiary of Chesapeake Corporation, designs and manufactures point-of-sale displays, specialty packaging, consumer graphic packaging and corrugated shipping containers.
 -0- 12/10/93
 /CONTACT: Andrew J. Kohut, chief financial officer of Chesapeake Corporation, 804-697-1153/
 (CSK)


CO: Chesapeake Corporation; Lawless Holding Corporation ST: Virginia, New York, Ohio IN: PAP SU: TNM

MH-DC -- DC003 -- 2506 12/10/93 09:02 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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