Linpac goes to Klöckner Pentaplast to make a formidable combo
With the Klöckner Pentaplast Group (KP) acquiring Linpac Senior Holdings and its direct and indirect subsidiaries, the blended company will cover both the rigid and flexible film markets and have annual revenues exceeding US$2 billion.
This acquisition will help KP extend its technological capabilities and presence into the food industry, while Linpac will benefit by extending its geographic extent. The combined company will have an extended reach and portfolio breadth, as well as a broader customer base. Together, KP and Linpac will have 32 locations across 16 countries, with about 6300 employees.
The consolidated group will be led by Wayne Hewett. Daniel Dayan will lead the Food portfolio.
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