31 October 2016

Klöckner Pentaplast completes the acquisition of Farmamak

Klöckner Pentaplast has strengthened its position as a global leader in rigid plastic film and packaging solutions by acquiring Farmamak. The new subsidiary is a leading rigid film solution provider in Turkey and the surrounding regions. Farmamak, with sales of TRY 155 million (~EUR 47 million), employs approximately 230 people. Its production site is located in Gebze, Turkey. 

“Farmamak gives us immediate scale in the high growth Turkish and Middle East markets. Farmamak’s products are natural extensions of our existing portfolio and our combined technical knowledge and expertise sets us up for future success”, stated Wayne M. Hewett, CEO Klöckner Pentaplast. “With our strong global footprint, we expect to make further investments in high growth markets."

Farmamak brings technology, an experienced work force, manufacturing and commercial know-how as well as new production capacities to the Klöckner Pentaplast Group. This enables the company to be faster to market in Turkey and in the Middle East and offer outstanding service and expertise to customers in that region.“ The regional sales team will have the opportunity to sell a much broader product range of Klöckner Pentaplast products allowing entrance to new markets and segments ”, said Giles Peacock, Group Senior Vice President Food and Consumer Packaging. “We want to further complement our existing product portfolio and offer our customers the right solutions to serve as a critical partner for their future growth.”

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About Klöckner Pentaplast
Focused on delivering its vision: The Sustainable Protection of Everyday Needs, kp is a global leader in rigid and flexible packaging, specialty film solutions, serving the pharmaceutical, medical device, food, beverage and card markets, amongst others. With a broad and innovative portfolio of packaging and product films and services, kp plays an integral role in the customer value chain by safeguarding product integrity, assuring safety and consumer health, improving sustainability and protecting brand reputation. Founded in 1965 kp has 31 plants in 18 countries and employs over 5,900 people committed to serving customers worldwide in over 60 locations. 

Media Contacts:
Dawn Trail
Group Director, Global Communications
kpinfo@kpfilms.com

+49 (0)2602 915 703