The combination of KP’s film production with LINPAC’s highly innovative film production and conversion capabilities will create a one-stop-shop of complete packaging solutions.
The Klöckner Pentaplast Group (KP), Gordonsville, Va., signed a binding agreement to acquire LINPAC Senior Holdings Ltd., UK, and its direct and indirect subsidiaries.
“This is a highly complementary acquisition that will help KP expand our technological capabilities and presence into the food industry and the rigid and flexible film market, as well as further develop our offerings in end markets such as pharmaceuticals, food and beverage and consumer and industrial products,” says Wayne Hewett, chief executive officer of KP. “KP will be enriched by LINPAC’s innovations, adjacent products and know-how. We are excited about the new opportunities that lie ahead of us.”