Taghleef buys Spanish BOPP film company

EUROPEAN PLASTICS NEWS

Published: April 10, 2014 9:21 am ET
Updated: April 10, 2014 9:25 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet

Taghleef Industries Group has agreed to buy Derprosa Film, based in Spain, which will add to Taghleef’s growing capacity for production of biaxially orientated polypropylene (BOPP) film.

Taghleef, which is headquartered in Dubai, is buying Derprosa from British investors 3i Group, Baring Private Equity and other minority shareholders for an undisclosed amount. The deal announced April 9 is expected to close by the end of April.

Taghleef’s current capacity is 385,000 metric tons per year of BOPP, BOPLA and cast polypropylene films for packaging. Its eight production plants are in Italy, Hungary, the United Arab Emirates, Oman, Egypt, Australia, the U.S. and Canada.

Derprosa’s one facility is in Alcalá la Real, Spain. According to the company’s website, the plant’s capacity is greater than 30,000 metric tons per year of BOPP film.

As part of Taghleef Industries, Derprosa will have greater access to global markets and be able to bring in more technology, said Tagleef CEO Detlef Schuhmann in a news release.

The expansion by acquiring Derprosa comes on top of Taghleef’s March announcement that it was upgrading production at its Hungarian BOPP plant, upgrading its line to five-layer capabilities and increasing capacity to 60,000 metric tons per year.

Current management from 3i noted that it had worked closely with Derprosa to focus on product development and new markets.

“In the last four years alone, the company has developed and launched more than 14 products and has a strong pipeline of products to launch,” said Maite Ballester, managing director for 3i Spain in a statement.


Comments

Taghleef buys Spanish BOPP film company

EUROPEAN PLASTICS NEWS

Published: April 10, 2014 9:21 am ET
Updated: April 10, 2014 9:25 am ET

Post Your Comments


Back to story


More stories

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events