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Klockner Pentaplast buys packaging films producer Linpac Group

The deal will create a rigid & flexible packaging films firm having annual revenues of above $ 2 bn

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Packaging

BS B2B Bureau Montabaur, Germany

Last Updated : Apr 12 2017 | 3:39 PM IST

The Klockner Pentaplast Group (KP), the German provider of rigid plastic films and packaging solutions, has agreed to acquire Linpac Senior Holdings Limited, an important films producer and converter for food packaging in Europe. Financial terms of the transaction were not disclosed.

The transaction will create a global leader in the rigid and flexible packaging films market, with combined annual revenues exceeding $ 2 billion.

“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

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