Taghleef Industries expands Latin American presence with Acquisition of Biofilm
7 septembre 18 | e.bonus | #637 :: rss
Taghleef Industries (Ti), Lisa Holdings and Valorem S.A. have reached an agreement for Taghleef to acquire Biofilm, one of Latin America’s leading producers of BOPP films for flexible packaging, labels and industrial applications. The transaction is expected to close in the fourth quarter of 2018.
With this acquisition, Taghleef secures its position as a leading supplier of BOPP films in Latin America and throughout the world, increasing annual production capacity to more than 500,000 tons. With the addition of Cartagena, Colombia and Altamira, Mexico to its existing manufacturing sites in the US, Canada, Italy, Hungary, Spain, Egypt, U.A.E., Oman and Australia, Tiis geographically positioned to provide a consistent worldwide supply of specialty films, as well as proactive and responsive technical support to multinational and regional customers across six continents.
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