For more information about the bankrupt company see

https://en.wikipedia.org/wiki/Kl%C3%B6ckner_Pentaplast

For more information about the bankruptcy filing see article on www.plasticstoday.com below:

Klöckner Pentaplast, a global packaging and specialty film manufacturer, has filed for Chapter 11 bankruptcy protection. Part of a comprehensive financial restructuring plan, the filing will reduce the company's funded debt by approximately €1.3 billion ($1.5 billion).

The company and certain subsidiaries voluntarily initiated the prepackaged Chapter 11 pro ...