B.C. Jindal group has acquired 100% shares of Treofan Holdings GmbH, Germany ‘Treofan Europe’. M&C S.P.A., owner of Treofan Holdings GmbH, has sold its controlling stake in Treofan Europe to Jindal Films, and the legally binding agreement was signed on 6 August 2018. Treofan Europe is a major manufacturer of biaxially oriented propylene films (BOPP films) for packaging, label, tobacco and technical applications in Europe. The acquisition of Treofan Europe strengthens B.C. Jindal group’s position in the industry, offering a very broad and complementary product range and an appealing value proposition to support customers’ evolving needs.
Jindal Films is a global leader in the development and manufacture of speciality biaxially oriented polypropylene (BOPP) films and has affiliated production plants in and India, Europe and the United States. The company and its affiliates have sales offices to support customer needs in countries around the world, including North and South America, Europe and Asia, with a global headcount of approximately 3,000.
Manfred Kaufmann, chief executive officer of Jindal Films Europe, said, “I am looking forward to joining forces. The combined experience and knowledge of the two teams will further strengthen the group. Merging both businesses will allow us to accelerate the group’s growth and to become the most innovative solution provider for recyclable packaging.”
Boris Trautmann, general counsel Treofan Europe, added, “Today is a remarkable moment for Treofan Europe. We welcome the opportunity to work together with Jindal Films. I see great prospect for our company and customers.”