Klöckner Pentaplast Group (KP) will acquire Linpac for an undisclosed sum to expand into the rigid and flexible film market, focusing on consumer demand for healthy and safe food with an extended shelf life.
Linpac Packaging is investing an extra €3m in polyethylene terephthalate (PET) extrusion and automation at Ritterhude, Bremen, on top of €6m in the past two years spent there and at Beeskow, Brandenburg.
The Spanish competition authority has handed out multi-million Euro fines to Linpac, Groupe Guillin and ILPA for their part in a fruit and vegetable packaging price-fixing cartel spanning eight years.
Linpac has insisted that day-to-day operations will not be affected as it announced its debt had been halved after ownership of the company switched to a banking syndicate.
Food packaging specialist Linpac has launched a new range of tomato trays that are light-weight, present produce more effectively and can incorporate up to 100 per cent recycled PET (rPET), claims the company.
