Kloeckner: Acquisition of Petco

Klöckner Pentaplast, USA, announced the acquisition of the Petco division of the Lavergne Group, Canada, effective immediately, for an undisclosed sum. Petco extrudes polyester films that are used for food and general-purpose consumer and industrial packaging applications. Petco sales are primarily in Canada and the US. Klöckner Pentaplast will purchase the complete Petco business to include all manufacturing assets associated with the polyester extruded film business, as well as its proprietary product formulations and trade names.

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