Klöckner Pentaplast completes the takeover of the LINPAC Group

Klöckner Pentaplast Group announces the successful completion of the acquisition of LINPAC Senior Holdings Limited and its direct and indirect subsidiaries. LINPAC is a well-known manufacturer and converter of films for food packaging in Europe.

The transaction will create a globally active manufacturer of Rigid films and flexible films with annual sales of more than two billion US dollars. The combined company, which will offer customers a complete package of packaging solutions, is one of the most important innovators in the film and packaging industry. Klöckner Pentaplast („kp”) will continue to be led by Wayne M. Hewett managed. Daniel Dayan, the former CEO of LINPAC, takes over the management of the kp Food and Consumer Packaging Division.

The closing completes the transaction agreed and announced on 7 April 2017. The competent authorities have authorised the transaction. The employee representatives have been informed as required in some countries.

[infotext icon]The Klöckner Pentaplast Group, manufacturer of rigid films and flexible films as well as printing and speciality solutions for pharmaceutical and medical products, food and beverages, among others, is expanding its own range of packaging solutions with the acquisition of LINPAC, manufacturer of packaging for fresh food and provider of service solutions for the food sector. Multi-material technology, which covers a wide range of different films: from complex multilayer films with barrier to simple single-layer monofilms.

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