Klöckner Pentaplast Completes Acquisition of LINPAC Group
The Klöckner Pentaplast Group (“kp”), announces the successful completion of the acquisition of LINPAC Senior Holdings Limited and its direct and indirect subsidiaries. LINPAC is 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. 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.
The closing completes the transaction agreed to and announced on 7 April 2017. The relevant regulatory authorities have approved the transaction and the information processes with employee representatives in certain jurisdictions have been conducted.
Kirkland & Ellis International LLP are serving as legal advisor to Klöckner Pentaplast. Linklaters LLP are serving as legal advisor to LINPAC and its investors and Mishcon de Reya LLP are serving as legal advisor to LINPAC management.
About Klöckner Pentaplast
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, an international market leader in the production of primary fresh food packaging and food service solutions, kp expands its capabilities, providing multi-material technology and offering a wide range of flexible films, from complex multilayer barrier films to simple monolayer structures.
With a broad portfolio of packaging, films and services powered by innovation, Klöckner Pentaplast plays an integral role in the customer value chain by marketing and protecting product integrity, safety, consumer health and brand reputation. Klöckner Pentaplast has operations in 18 countries and employs over 6,300 people across 32 locations committed to serving customers worldwide. For more information, visit www.kpfilms.com .
R. Brent Jones
Chief Financial Officer
Klöckner Pentaplast Group
Kal Goldberg/Nick Leasure
firstname.lastname@example.org / email@example.com
European Media Contact:
Hering Schuppener Consulting
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
OCP-S.A.22.11.2017 18:01 | pressemeddelelse
OCP Announces Date of 2017 Third Quarter and Nine Month Results
TATA-MOTORS22.11.2017 15:48 | pressemeddelelse
Tata Motors Charts Out 'Connecting Aspirations' As Its New Corporate Brand Identity in Global Markets
L&T-TECHNOLOGY-SERVICES22.11.2017 14:52 | pressemeddelelse
NelsonHall Positions L&T Technology Services in the Leaders Category for IoT Services
APR22.11.2017 11:32 | pressemeddelelse
Mundipharma and APR Applied Pharma Research S.A Announce a New Alliance for the Distribution of Nexodyn® AcidOxidizing Solution in Africa and the Levant
SMITHERS-VISCIENT22.11.2017 11:32 | pressemeddelelse
Smithers Viscient Europe Appoints Alasdair Clipston Director of Chemistry.
EURID22.11.2017 10:02 | pressemeddelelse
The .eu Web Awards Shine Again in 2017 with the Announcement of the Winners
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum