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Klöckner Pentaplast Earns ISCC Plus Certification for Medical Device Films

A global supplier of rigid and flexible packaging to medical device and pharmaceutical OEMs, Klöckner Pentaplast (kp) reports that it has received ISCC Plus certification via the International Sustainability & Carbon Certification (ISCC) at three of its manufacturing facilities in North America and Europe. This certification allows kp to utilize any chemically recycled raw material validated through a mass balance approach. It will directly support use of chemically recycled polymers,…

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Fain Hands Over Reins After Leading Teknor Apex for More than 50 Years

After more than a half-century at the head of custom compounder Teknor Apex, Jonathan Fain is stepping down as CEO. Another veteran of the plastics industry, Donald Wiseman will succed Fain. Most recently Wiseman held the position of CEO at Star Plastics and has held leadership positions at PolyOne, Cabot Microelectronics, and Americhem. Jonathan Fain, CEO of Teknor Apex for 51 years, is stepping aside. Fain will remain a major…

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Covestro Reconsiders, Begins Talks with ADNOC on $12 Billion Takeover

Will the third time be the charm for the Abu Dhabi National Oil Co. (ADNOC) in its attempt to take over Covestro? Reuters reported on Friday that Covestro has entered into open-ended discussions with ADNOC regarding the takeover after two of Covestro’s top 15 investors recommended talks in the interest of shareholders. After an initial offer in the mid-50 euro per share in June, the Middle Eastern energy giant upped…

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Berry Global Reviews 'Strategic Alternatives' for Health, Hygiene Business

Berry Global Group Inc. announced today the initiation of a formal process to evaluate strategic alternatives for its Health, Hygiene, and Specialties segment (HH&S). HH&S supplies nonwovens, specialty films, and tapes to a range of end markets, including healthcare, hygiene, consumer, building and construction, and industrials. Options for HH&S under consideration by Berry include, but are not limited to, a sale, strategic partnership or joint venture, spin-off to shareholders, or…

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