Klöckner Pentaplast
| Klöckner Pentaplast GmbH
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|---|---|
 |
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| legal form | GmbH |
| founding | 1965 |
| Seat | Montabaur , Germany |
| management |
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| Number of employees | 5900 worldwide |
| sales | € 1,874,178,000 |
| Branch | Plastic processing / plastic packaging |
| Website | www.kpfilms.com |
| Status: 2018 | |
The Klöckner Pentaplast GmbH, based in Montabaur and its sister company Klöckner Pentaplast of America, Inc. , based in Gordonsville, Virginia form the Klöckner Pentaplast Group, which the three largest world producers of printed and finished plastic films for pharmaceutical, medical equipment -, food, electronics and general thermoforming packaging counts and is the market leader in Europe and the USA. The group generated sales of around EUR 1.2 billion in the 2012/2013 financial year. The Klöckner Pentaplast Group was originally part of Klöckner-Werke AG . Today it is owned by a group of investors led by financial investor Strategic Value Partners (SVP).
The company has 30 additional production sites in 12 countries and employs more than 5,900 people worldwide. The group has manufacturing and finishing facilities for calendering , extruding , coating , laminating and printing films.
Company history
Together with his brother Florian, Peter Klöckner founded an iron and steel trading company in Duisburg in 1906 . They paid particular attention to ailing companies in which they secured a majority of the capital before restructuring them. These included, in particular, steelworks, coal mines and ore mines.
In 1923, Klöckner merged all of its steel holdings to form Klöckner-Werke AG Rauxel-Berlin in Castrop-Rauxel. This also included Klöckner-Bergbau Königsborn-Werne.
In 1926, Klöckner refused to bring his company into the United Steel Works. He preferred to remain independent.
During the Second World War , Klöckner produced iron and steel products in Georgsmarienhütte and Hagen, above all armaments in Cologne . Numerous deported forced laborers , prisoners of war and Italian military internees kept production going in the Hasper Hütte .
The old Klöckner works were liquidated in 1945 by an Allied decision and in 1953 merged under a newly established parent company, the “Nordwestdeutscher Hütten- und Bergwerksverein AG”. In 1954, it took over its old company name, Klöckner-Werke. Further successors to the old Klöckner-Werke AG were Klöckner-Humboldt-Deutz, Bergwerke Königsborn-Werne and Stahlwerke Südwestfalen.
In 1954 the Nordwestdeutsche Hütten- und Bergwerksvereins AG again operated under its old name, Klöckner-Werke AG. Numerous companies formerly belonging to the group were brought back under the management of Klöckner-Werke.
During the 1960s, the group expanded in the field of plastics processing and mechanical engineering. This is how Klöckner began producing plastic films at Klöckner Pentaplast in Montabaur . The plastic films were such a success that Klöckner opened a subsidiary in the USA in 1979 . In the same year, the group entered beverage machine production with the acquisition of Holstein and Kappert. Klöckner was also involved in filling and packaging technology and the automotive sector.
As recently as 1977, the Klöckner Group reached out to Maxhütte in Bavaria and received no small amount of public subsidies . The Klöckner-Maxhütte steel production process was jointly developed in 1980. In 1981 more than 10,000 people were employed in 80 countries around the world. In 1983/84 a KGaA was founded.
In the early 1990s, Klöckner fell into a profound crisis. In view of the steel crisis, the group no longer earned as well as it did in the “golden 1960s”. Deutsche Bank, as the house bank of the then independent group, sent Karl-Josef Neukirchen as a restructuring engineer, as the entire group threatened to collapse in the face of the steel crisis . In 1994, Georgsmarienhütte disappeared from the Klöckner Group by way of a management buyout, while Klöckner Hütte Bremen was sold to the Belgian Cockerill Sambre Group. The end of the Maxhütte dragged on longer.
By 1994, the high-investment business in the automotive supplier industry, which was risky due to economic fluctuations, was sold. Instead, investments were made in the more profitable film division, Klöckner Pentaplast.
In 2001 the group was taken over by Cinven and JP Morgan Partners after a restructuring in the supervisory board of Klöckner-Werke AG . In 2007 the Klöckner Pentaplast Group was sold by Cinven & JP Morgan Partners to the Blackstone Group . In June 2012, a group of investors led by Strategic Value Partners (SVP) acquired the company from Blackstone.
Linpac was acquired in 2017 .
Web links
Individual evidence
- ↑ Florian Langenscheidt , Bernd Venohr (Hrsg.): Lexicon of German world market leaders. The premier class of German companies in words and pictures . German Standards Editions, Cologne 2010, ISBN 978-3-86936-221-2 .
- ↑ www.kunststoffweb.de Klöckner Pentaplast: Earnings growth and debt reduction . Retrieved July 7, 2014.
- ↑ a b www.kunststoffweb.de Klöckner Pentaplast: SVP becomes the new owner . Retrieved July 7, 2014.
- ↑ www.kpfilms.com The Klöcker Pentaplast Group at a glance . Retrieved July 2, 2020.
- ↑ Our History. Retrieved August 27, 2020 .