Klöckner Pentaplast Group, Montabaur, Germany, has announced the successful completion of the acquisition of Linpac Senior Holdings Ltd. and its direct and indirect subsidiaries. Linpac is a prominent film producer and converter for food packaging in Europe.

The transaction creates a worldwide leader in the rigid and flexible film market, with annual revenues exceeding USD 2 bn. The combined group will provide complete packaging solutions to customers and, as one of the most innovative firms in the film and packaging industry, be a true R&D powerhouse. Klöckner Pentaplast will continue to be led by Wayne M. Hewett. Daniel Dayan, former CEO of Linpac, will lead kp’s food and consumer packaging division.