Klöckner Pentaplast has announced that it has entered into a Restructuring Support Agreement (RSA) with a significant majority of its financial partners on the terms of a comprehensive financial restructuring plan. The restructuring plan will substantially reduce the company’s funded debt by approximately €1.3 billion. This will meaningfully strengthen the company’s balance sheet and enhance kp’s financial flexibility moving forward. Under the terms of the RSA, following the consummation of the restructuring plan, ownership of the company will transition to certain of kp’s financial partners.

To implement the restructuring plan contemplated under the RSA, kp and certain of its subsidiaries and affiliates have voluntarily initiated a prepackaged Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas. Chapter 11 is a US legal process that companies use to raise capital, restructure their finances, and adjust ownership and business structures while they continue to operate as normal.

Meanwhile, Sun Chemical and Cyngient have formed an alliance to capitalize on the strengths of both companies in inks, coatings, and adhesives. The partnership will improve service and increase customer satisfaction in the narrow web, tag, and label market. 

The collaboration will introduce a joint-branded specialty product line – Sun Chemical / Cyngient. The product range features advanced coatings and high-performance adhesives designed for converters who demand premium print quality, elevated embellishment effects, and reliable on-press performance.

Here are the top stories from the week ending on November 21, 2025:

1. Klöckner Pentaplast files for bankruptcy
2. Sun Chemical and Cyngient form partnership to advance narrow web innovation
3. AWA grows with acquisition of AIPIA
4. Flexcon appoints new chief operations officer
5. Badger Tag & Label sees success with new Durst press