Treofan Group, the Raunheim, Germany-based producer of biaxially oriented polypropylene (BOPP) films, has received new financing which it says will support its growth.
The group's majority shareholders M&C, Goldman Sachs and EBF & Associates have invested 35 million euros of new capital, the company announced. This investment forms part of a “comprehensive re-financing of the firm,” it said.
“This important step demonstrates our shareholders' strong support for the management's new growth strategy and their continued long-term commitment to the company”, said Treofan CEO Peter Vanacker. “We now have a solid base to make strategic investments that are crucial for Treofan's future.”