Klöckner Pentaplast Group Completes LINPAC Acquisition
The Klöckner Pentaplast Group has completed its acquisition of LINPAC, a prominent film producer and converter for food packaging in Europe. The transaction creates 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, as one of the most innovative firms in the film and packaging industry, be a true R&D powerhouse.
The Klöckner Pentaplast Group is a global leader in rigid and flexible packaging, printing and specialty solutions, serving the pharmaceutical, medical device, food, beverage and card markets, among others. Through the acquisition of LINPAC, kp expands its capabilities, providing multimaterial technology and offering a wide range of flexible films, from complex multilayer barrier films to simple monolayer structures.
Klöckner Pentaplast will continue to be led by Wayne M Hewett. Daniel Dayan, former CEO of LINPAC, will lead kp’s food and consumer packaging division.
