Klöckner Pentaplast Acquires Witt Plastics, Inc.

Klöckner Pentaplast of America, Inc. announced the acquisition of Witt Plastics, Inc. of Greenville, OH. Witt Plastics is a manufacturer of custom extruded high impact polystyrene (HIPS) and polypropylene (PP) films. Witt Plastics’ films are currently used in the food, medical, printing, electronic, and general-purpose thermoforming markets.

According to John Witt, former owner and chairman of Witt Plastics, "I am proud of the business we have built and the customer relationships we have developed through the 29 years of dedicated service and commitment by Witt employees. Looking toward my own retirement, I have searched for a new owner that shares that same commitment to high quality and excellent customer service. Klöckner is that company." John Witt will continue in a consulting role after the sale. Jim Steyer will continue to serve in his current capacity as Witt’s president.

"The purchase of Witt Plastics, Inc., enables us to build on our product portfolio to offer our customers even more film choices," comments Tom Goeke, president of Klöckner Pentaplast of America. "Witt Plastics has an excellent reputation for superior quality films, state-of-the-art technology, and proven product development capabilities. We look forward to welcoming their team into our organization."

Founded in the U.S. in 1977, Klöckner Pentaplast of America, Inc., is the largest producer of high-quality rigid films in the Americas. The company's product line includes vinyl, polyester, BAREX^®, COC, ACLAR^®-laminated, and PVDC-coated films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging, as well as printing and specialty applications.

For more information, contact Anne Hooff, Account Executive, Payne, Ross & Associates, 206 East Jefferson Street, Charlottesville, VA 22902. Telephone 434-977-7607, Fax: 434-977-7610, E-mail: anne@payneross.com, Web: www.klockner.com.