Italian private equity fund M&C SpA signed an agreement on August 6 to sell its BOPP film business Germany Treofan Holdings Co., Ltd. to Indian film manufacturer Jindal Film Company, which is expected to be completed by the end of 2019.
India Jindal Film is a leading global developer and manufacturer of specialty biaxially oriented polypropylene (BOPP) films with production facilities in India, Europe and the US. The company and its subsidiaries have approximately 3,000 sales worldwide. Offices, including North and South America, Europe and Asia.
Treofan Group is a leading global producer of biaxially oriented polypropylene film (BOPP film) for packaging, labeling and other technical applications. It has nearly 50 years of experience in the BOPP market and three production sites in Germany and Italy. The annual production capacity is 120,000 tons/year.