Treofan makes offer for India's Max Specialty Films

Published: September 12, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet

RAUNHEIM, GERMANY (Sept. 12, 11:45 a.m. ET) — Packaging film maker Treofan Germany GmbH & Co. KG and Indian conglomerate Max India Ltd. have a preliminary agreement for Treofan to buy Max Speciality Films, a manufacturer of biaxially oriented polypropylene film.

The deal is subject to financing, due diligence, execution of a final purchase agreement and regulatory approvals.

Max has capacity of about 50,000 metric tons of BOPP film annually, including multilayer white opaque films, ultra high barrier metalized plain films and leather finishing foils. Its products are used in food packaging, overwrapping, consumer products, labels and textiles.

Raunheim-based Treofan already has BOPP production in Europe and the Americas.

“After operating plants in Europe and Mexico, the footprint in India will enable Treofan to transfer its unique portfolio and technology into the strongly growing Asian markets and become a global partner for its customers.” Jürgen Lindemann, commercial director of Treofan, said in a news release.


Comments

Treofan makes offer for India's Max Specialty Films

Published: September 12, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events