On 4 November 2025, Klöckner Pentaplast (“kp” or the “Company”) and certain of its subsidiaries and affiliates initiated voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the Southern District of Texas. kp commenced the Chapter 11 cases to implement a Restructuring Support Agreement (“RSA”) that the Company entered into with a significant majority of its financial partners on the terms of a comprehensive financial restructuring plan.

On 16 December 2025, the Court approved kp’s Plan of Reorganisation.

On 30 January 2026, kp announced it successfully completed its financial restructuring and emerged from the US Chapter 11 process. With the support of new ownership and a significantly strengthened financial foundation, kp is well positioned to continue serving its customers, delivering its leading portfolio, and driving cutting-edge innovation for the long term.

Additional information regarding kp’s emergence can be found here.