B.C. Jindal Group has completed the acquisition of 100% share of Treofan Holdings GmbH, Germany (Treofan Europe). Treofan Europe is a major manufacturer of biaxially oriented propylene (BOPP) films for packaging, label, tobacco and technical applications in Europe. The acquisition of Treofan Europe strengthens Jindal Group’s position in the industry, offering a very broad and complementary product range and an appealing value proposition to support customer’s evolving needs.
Manfred Kaufmann, CEO Jindal Films Europe, said, “I am looking forward to joining forces. The combined experience and knowledge of the two teams will further strengthen the group. Merging both businesses will allow us to accelerate the group’s growth and to become the most innovative solution provider for recyclable packaging.”
Boris Trautmann, general counsel Treofan Europe, added, “Today is a remarkable moment for Treofan Europe. We welcome the opportunity to work together with Jindal Films. I see great prospect for our company and customers.”