The Indian BOPP films manufacturer Jindal Films buys controlling stake in Treofan from M&C S.P.A.
M&C S.P.A., owner of Treofan Holdings GmbH, has sold its controlling stake in Treofan Europe to Indian film and label manufacturer – Jindal Films.
Subject to regulatory approval and closure procedures, the transaction is expected to close before the end of the first quarter of 2019. The agreement got signed on 6 August.
Jindal Films, a global player developing and manufacturing speciality biaxially oriented polypropylene (BOPP) films, has affiliated production plants in India, Europe and in the United States. The company and its affiliates have sales offices around the world, including North and South America, Europe and Asia, with a global headcount of approximately 3,000.
“The takeover of Treofan by Jindal Films will open up new global strategic directions for the company and its employees,” comments Dr Walter Bickel, CEO of Treofan. “At the same time, I would like to thank our current shareholder M&C for its commitment and support over the last decade.”
The Treofan Group is a global manufacturer of biaxially oriented polypropylene films (BOPP films) for packaging, labels and technical applications. Treofan has almost 50 years of experience in the BOPP market and has positioned itself as a worldwide premium provider to FMCG brand manufactures and their converters, as well as the tobacco and electrical industries. Treofan offers high-quality film products and tailor-made, intelligent solutions in more than 90 countries. The Treofan Group employs approximately 800 people and operates three production sites in Germany and Italy.