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04-11-2017

Klöckner Pentaplast to Acquire Linpac Group

The Klöckner Pentaplast Group, Montabaur, Germany, a global leader in rigid plastic film and packaging solutions, has signed a binding agreement to acquire Linpac Senior Holdings Limited, Birmingham, UK, and its direct and indirect subsidiaries, an important film producer and converter for food packaging in Europe. Financial terms of the transaction were not disclosed.

Both companies are already owned by the same investment firm, Strategic Value Partners LLC, Greenwich, CT/USA, which does business as SVPGlobal. Linpac has been owned by SVPGlobal since 2015, Klöckner Pentaplast since 2012.

According to Klöckner Pentaplast (KP), the transaction will create a global leader in the rigid and flexible film market, with combined annual revenues exceeding USD 2 billion. The combination of KP’s with Linpac’s film production and conversion capabilities will create a one-stop-shop providing complete packaging solutions to customers. The acquisition of Linpac will further strengthen KP’s customer-centric business approach, a key pillar of the company’s strategy. The acquisition will also enable KP to expand its technological capabilities further into the rigid and flexible film market. This market benefits heavily from megatrends including customers’ desire for healthy and safe food with an extended shelf life.

The combined company will have an extended reach and portfolio breadth, as well as a broader customer base. Together, KP and Linpack will have 32 locations across 16 countries with about 6300 employees. KP’s existing global footprint with operations on six continents will greatly accelerate Linpac’s geographic expansion ambitions, particularly in the Americas.

Company profile

Klöckner Pentaplast GmbH

Industriegebiet Heiligenroth
DE 56410 Montabaur
Tel.: 02602 915-0
Fax: 02602 915179

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