The Klöckner Pentaplast Group announced the successful completion of the acquisition of LINPAC Senior Holdings and its direct and indirect subsidiaries
LINPAC is a prominent film producer and converter for food packaging in Europe.
The Klöckner Pentaplast Group (KP) is a packaging, printing and specialty solutions company serving the pharmaceutical, medical device, food, beverage and card markets.
Through the acquisition of LINPAC, an international market leader in the production of primary fresh food packaging and food service solutions, KP expands its capabilities, providing multi-material technology and offering a wide range of flexible films, from complex multilayer barrier films to simple monolayer structures.
The transaction creates a worldwide leader in the rigid and flexible film market, with annual revenues exceeding US$2 billion.
The combined group will provide complete packaging solutions to customers and as one of the most innovative firms in the film and packaging industry, becoming a true R&D powerhouse. KP will continue to be led by Wayne M. Hewett.
Daniel Dayan, former CEO of LINPAC, will lead KP’s food and consumer packaging division.
The relevant regulatory authorities have approved the transaction and the information processes with employee representatives in certain jurisdictions have been conducted.