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Klöckner Pentaplast completes acquisition of Linpac Group

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The Klöckner Pentaplast Group has completed the acquisition of the Linpac Group, following the announcement of its plans on April 7 2017.

The acquisition of Linpac, a prominent film producer and converter for food packaging in Europe, creates a worldwide leader in the rigid and flexible film market, with annual revenues exceeding $2 billion (approx. £1.55bn GBP).

The combined group intends to provide complete packaging solutions to customers and use its positive as an innovative firm in the film and packaging industry to become a “true R&D powerhouse.”

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.

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