December 19, 2025 12:50

A swift passage through Chapter 11 is now taking shape for Klöckner Pentaplast, one of Europe’s leading producers of plastic films for rigid and flexible packaging.
At the beginning of November, the company filed for voluntary creditor protection in the United States for several group entities.

The U.S. Bankruptcy Court for the Southern District of Texas has confirmed the company’s Plan of reorganization, paving the way for Klöckner Pentaplast to complete the financial restructuring of its debt and emerge from the Chapter 11 process as quickly as possible.

The plan was developed and financed with the support of the company’s  first-lien creditors and bondholders, who have provided €349 million in new capital.

Upon completion of the process, the European producer will reduce its funded debt by approximately €1.3 billion and will be able to continue operations with the backing of new owners, a strengthened balance sheet and increased financial flexibility.

Under the plan, all general unsecured claims will either be paid in full or reinstated.

As throughout the restructuring process, Klöckner Pentaplast continues to operate as usual, paying suppliers, partners and stakeholders in accordance with normal terms.

Founded in 1965, Klöckner Pentaplast manufactures rigid and flexible packaging and specialty films. The group operates 27 production sites in 16 countries and employs more than 5,000 people across over 60 locations worldwide.

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