Klöckner to Focus on Global Films Exclusively
In order to focus on its global films business, Klöckner-Werke AG (Duisburg, Germany) will divest all nonfilm activities, including packaging machinery, filling equipment, and other interests.
|In order to concentrate on the global films market, Klöckner will no longer sell packaging or other machinery.|
"Klöckner will expand its participation in film markets globally via internal expansions, new products, and select acquisitions. This announcement reinforces a strategic initiative we began in 1995 with the acquisition of Hoeschst AG's Kalle division," says Tom Goeke, president of Klöckner Pentaplast of America Inc. (Gordonsville, VA).
The company produces rigid film and sheet, including vinyl, polyester, Barex, and barrier films used in a variety of packaging, printing, and technical applications. Further additions to the Klöckner Pentaplast film group include Roxan GmbH (Germany), Aerni Leuch AG (Switzerland), Stanley Smith Ltd. (UK), and ARCOR (Argentina). In addition, the company has opened several facilities internationally. According to Goeke, the global operations of the company have shown an average annual growth rate of 30% during the last five years since the strategy to focus on films was initiated.