Mishcon de Reya advised the management of LINPAC Senior Holdings Limited on its sale to The Klöckner Pentaplast Group (KP).
LINPAC is a prominent plastic film producer and converter for food packaging in Europe and KP is a global leader in rigid and flexible packaging for various industries, including printing and specialty solutions, pharmaceutical, food and beverage. The transaction creates a worldwide leader in the rigid and flexible film market, with annual revenues exceeding $2 billion.
KP 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 team was led by Corporate Partners Dean Poster and Nadim Meer, and also comprised members of the Employment and Real Estate department, as well as the IP and Tax Groups.