# Klöckner Pentaplast agrees to buy Linpac, creating rigid and flexible film group

Klöckner Pentaplast (KP) signed a binding agreement to acquire Linpac Senior Holdings for an undisclosed sum, creating a global rigid and flexible film producer with combined revenues above $2 billion, expected to close in summer 2017.

- Type: Acquisition
- Announced: 2017-04-07
- Status: announced
- Products: rigid plastic films, flexible films, food packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [LINPAC](https://endata.com/companies/448.md) (target)
- [Klöckner Pentaplast](https://endata.com/companies/1242.md) (acquirer)

## Sources

- [ecoplasticsinpackaging.com](https://ecoplasticsinpackaging.com/featured/kp-to-buy-linpac-and-create-global-film-star/), 2017-04-07: "The Klöckner Pentaplast Group (KP) has signed a binding agreement to acquire Linpac Senior Holdings and its direct and indirect subsidiaries (Linpac) for an undisclosed sum."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/klockner-buys-linpac-to-create-2bn-powerhouse-07-04-2017), 2017-04-07: "The Klöckner Pentaplast Group has snapped up Linpac – just two months after the company’s owners announced it was not up for sale."
- [packagingmea.com](https://www.packagingmea.com/klockner-pentaplast-signs-acquisition-deal-with-linpac-group/), 2017-05-02: "the Klöckner Pentaplast Group has signed an agreement to acquire LINPAC Group Limited and its direct and indirect subsidiaries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.