Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Klockner Pentaplast completes acquisition of LINPAC - Label and Narrow Web

What are you searching for?

Sign in
Breaking News, European News, Industry News

Klockner Pentaplast completes acquisition of LINPAC

The transaction creates a worldwide provider in the rigid and flexible film market.

Author Image

By: Greg Hrinya

Editor, Label & Narrow Web

The Kloockner Pentaplast Group has announced the successful completion of the acquisition of LINPAC Senior Holdings Limited and its direct and indirect subsidiaries. LINPAC is a film producer and converter for food packaging in Europe.

The transaction creates a worldwide provider in the rigid and flexible film market, with annual revenues exceeding $2 billion. The combined group will provide complete packaging solutions to customers and develop new R&D. Klockner 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 April 7, 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 Klockner 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.

Add us as a preferred source on Google

Get the latest Label and Narrow Web news, insights and analysis in your Google Search and AI experiences.

Add Label and Narrow Web as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Label and Narrow Web Newsletters

Topics