Plastic Containers & Packaging | Featherstone, UK | Bolt-on
Klöckner Pentaplast has completed its takeover of fellow Strategic Value Partners portfolio company LINPAC. The deal creates a film and packaging business with more than $2 billion in sales. SVP acquired Klöckner in 2012 and LINPAC in 2015. The firm had reportedly been mulling sales of both businesses and submitted plans to list Klöckner in the US late last year, according to Bloomberg.