Hahn to acquire plastic film business of SKC for $1.3bn.

Hahn, a private equity investment firm, agreed to acquire plastic film business of SKC, a manufacturer of plastic products for $1.3bn. The sale of the chemical firm’s industrial materials division, which makes a polymer film, widely known as PET, is part of the conglomerate’s group-wide shift toward eco-friendly businesses such as electric vehicle batteries, battery materials and hydrogen production.