An affiliate of the London based private equity firm Blackstone Group is to acquire the Klöckner Pentaplast Group and all its holdings from Cinven and CCMP Capital Advisors. Blackstone is one of the world’s leading. The purchase price is €1.3B, and the deal is subject to regulatory approval.
Headquartered in Luxembourg, Klöckner Pentaplast is a major producer of films for pharmaceutical, medical device, food, electronics, and general purpose thermoform packaging, as well as printing and speciality applications. With 21 production operations in 11 countries, it employs more than 3,400 people and has sales of over €1.2B.
Blackstone managing director Lionel Assant says: “Klöckner Pentaplast has a strong international market position and performance. We will continue to support its aggressive growth and investment strategy.”
The management of the Klöckner Pentaplast Group will remain in place. Tom Goeke, ceo of the group, comments: “Blackstone is committed to the company’s strategic goals. With its backing, we will continue to pursue the expansion of Klöckner Pentaplast.”
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| Klöckner Pentaplast Group |
