Klöckner Pentaplast Group Sells Flexible Films Business

MONTABAUR, Germany—Klöckner Pentaplast Group, a global leader of film products, announced that it has reached agreement for the sale of its flexible film business with Wipak, the packaging division of Finland-based Wihuri Group, subject to final due-diligence process and anti-trust clearance.

The following production sites are affected by this agreement: Betzigau, Germany; Avanspack, Finland; and Nordpak, Finland.