Jindal Films acquires Treofan Europe

By 08 Aug 2018

Divesting its BOPP films business, the Italian investor M&C, owner of Treofan Holdings has sold its controlling stake in Treofan Europe to Jindal Films.

image

The legally binding agreement was signed on 6 August and the transaction is expected to be closed before the end of the first quarter of 2019, subject to regulatory approval and closure procedures.

“The takeover of Treofan by Jindal Films will open up new global strategic directions for the company and its employees,” said, Dr Walter Bickel, CEO of Treofan.

Jindal Films is a major player in the development and manufacture of speciality biaxially oriented polypropylene (BOPP) films and has production plants in India, Europe and in the United States.

Earlier in March 2018, M&C has announced the sale of the Treofan Americas business to Canadian label manufacturer CCL Industries.


Events

Mar
25
Apr
12

Asia Coat + Ink Show NEW!

Mar 25 - 28 Mar 2019
Bombay Exhibition Centre, Mumb...

Sivakasi Printex 2019 NEW!

Apr 12 - 14 Apr 2019
Sivakasi, Tamil Nadu

Latest Poll

The Ministry of Labour and Employment’s 7-member expert committee has said the single value of the national minimum wage for India should be set at Rs 375 per day or Rs 9,750 per month. Is this mimimum wage slab viable for the print and packaging industry?