Klöckner Pentaplast Acquires LINPAC

MONTABAUR, GERMANY | The Klöckner Pentaplast Group announces the successful completion of the acquisition of LINPAC Senior Holdings Limited and its direct and indirect subsidiaries. LINPAC is a film producer and converter for food packaging in Europe. Klöckner a supplier of rigid and flexible packaging, printing, and specialty solutions serving the pharmaceutical, medical device, food, beverage and card markets, among others.

The transaction creates what company says is a worldwide leader in the rigid and flexible film market, with annual revenues exceeding $2 billion. The combined group will provide complete packaging solutions to customers and reportedly will be an R&D powerhouse. Klöckner Pentaplast will continue to be led by Wayne M. Hewett. Daniel Dayan, former CEO of LINPAC, will lead Klöckner’s food and consumer packaging division.

The closing completes the transaction agreed to and announced on April 7, 2017. The relevant regulatory authorities have approved the transaction, and the information processes with employee representatives in certain jurisdictions have been conducted.

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