The Klöckner Pentaplast Group (“KP,” kpfilms.com), a leader in rigid plastic film and packaging solutions, announces that it has signed a binding agreement to acquire LINPAC Senior Holdings Limited and its direct and indirect subsidiaries (“LINPAC”), a film producer and converter for food packaging in Europe.
The transaction will create a global leader in the rigid and flexible film market, with combined annual revenues exceeding $2 billion.