Edelmann group of Germany has acquired a 13.5% stake in Chesapeake. According to Edelmann this makes it the second largest shareholder of the packaging manufacturer. With 34 operating sites in Europe, Chesapeake is one of the leading suppliers of folding boxes to the pharmaceutical and health industry. Especially the pharmaceutical packaging segment, in which Edelmann is already active in Europe, is of strategic importance, the company explained. Various possibilities of a further involvement are currently being explored, ranging from a minority stake to a possible takeover of a part of the business with the help of institutional investors.