Klöckner Pentaplast Completes Acquisition of LINPAC Group

MONTABAUR, Germany–(BUSINESS WIRE)–The Klöckner Pentaplast Group (“kp”), announces the successful
completion of the acquisition of LINPAC Senior Holdings Limited 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 $2 billion. 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.

The closing completes the transaction agreed to and announced on 7 April
2017. The relevant regulatory authorities have approved the transaction
and the information processes with employee representatives in certain
jurisdictions have been conducted.

Advisors

Kirkland & Ellis International LLP are serving as legal advisor to
Klöckner Pentaplast. Linklaters LLP are serving as legal advisor to
LINPAC and its investors and Mishcon de Reya LLP are serving as legal
advisor to LINPAC management.

About Klöckner Pentaplast

The Klöckner Pentaplast Group is a global leader in rigid and flexible
packaging, printing and specialty solutions, serving the pharmaceutical,
medical device, food, beverage and card markets, among others. Through
the acquisition of LINPAC, an international market leader in the
production of primary fresh food packaging and food service solutions,
kp expands its capabilities, providing multi-material technology and
offering a wide range of flexible films, from complex multilayer barrier
films to simple monolayer structures.

With a broad portfolio of packaging, films and services powered by
innovation, Klöckner Pentaplast plays an integral role in the customer
value chain by marketing and protecting product integrity, safety,
consumer health and brand reputation. Klöckner Pentaplast has operations
in 18 countries and employs over 6,300 people across 32 locations
committed to serving customers worldwide. For more information, visit www.kpfilms.com.

Contacts

Media Contacts:
Klöckner Pentaplast
R. Brent Jones
Chief
Financial Officer
Klöckner Pentaplast Group
+1.917.324.5772
[email protected]
or
Finsbury
Kal
Goldberg/Nick Leasure
+1.646. 805.2000
[email protected]
/ [email protected]
or
European
Media Contact:
Hering Schuppener Consulting
Hendrik Bender
+49.151.163.089.48
[email protected]