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 Packaging Mergers & Acquisitions Film & Sheet
Companies & Associations

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

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events