12. February 2007
Klöckner Pentaplast Group sells flexible films business
Klöckner Pentaplast Group has announced, that it has reached agreement for the sale of its flexible film business with Wipak, subject to final due-diligence process and anti-trust clearance. Wipak is the packaging division of Finland-based Wihuri Group.
The following production sites are affected by this agreement:
Avanspack, Finland and Nordpak, Finland
The flexible film division is a relatively small share (3 %) of total Klöckner Pentaplast Group.
Joachim Kreuzburg, President and COO/Europe & Asia: “Our divestitures will enable us to focus even more on our core growth portfolio in the future. The flexible films segment can now be better developed in an
environment where it is part of the core business.”