Klöckner Pentaplast has completed the acquisition of Linpac Senior Holdings and its direct and indirect subsidiaries, creating a rigid and flexible film giant with annual revenues exceeding two billion USD.
Klöckner Pentaplast Group is a specialist in flexible and rigid packaging, printing and specialty products, serving the pharmaceutical, medical device, food, beverage and card markets, among others. Linpac is a film producer and converter for food packaging in Europe. The combined business will provide multiple packaging options to customers and have a strong R&D operation.
Klöckner Pentaplast said the acquisition of Linpac expands its capabilities, providing multimaterial technology and offering a 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 Klöckner Pentaplast’s food and consumer packaging division. The closing completes the transaction agreed to and announced on April 7.