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Klockner Announces VAW, Alloyd Acquisitions, Stock Sale
March 1, 2001
1 Min Read
Klckner Announces VAW, Alloyd Acquisitions, Stock Sale
MONTABAUR, Germany--Klockner Pentaplast GmbH, based here, hasacquired VAW Aluminum AG/Healthcare Division's PVDC-coated plastic filmsbusiness for an undisclosed sum. VAW is based in Roth, Germany. According to Klckner,the acquisition will support its existing technology and capacity for barrierfilms in Europe and North America.
Klockner Pentaplast of America, based in Gordonsville, Va., announced thatit has purchased Alloyd Co.'s sole rigid film calender line for an undisclosedsum. The purchase will allow the U.S. Klockner division to expand its filmbusiness via internal expansions and new products.
At the same time, the management board of Klckner-Werke AG, the Klcknerparent company, is recommended to its shareholders that they accept a stockpurchase offer submitted by WCM-Beteiligungs und Grundbesitz AG. Klckner canbe contacted at www.klockner.com.
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