M&C S.P.A., owner of Treofan Holdings GmbH, has sold its controlling stake in Treofan Europe to Jindal Films, an film and label manufacturer from India. The transaction is expected to be closed before the end of the first quarter of 2019. “The takeover of Treofan by Jindal Films will open up new global strategic directions for the company and its employees,” commented Dr Walter Bickel, CEO of Treofan (Image: Treofan site in Neunkirchen/Germany).
Jindal Films is a global leader in the development and manufacture of speciality biaxially oriented polypropylene (BOPP) films and has affiliated production plants in India and Europe as well as in the United States. The company and its affiliates have sales offices to support customer needs in countries around the world, including North and South America, Europe and Asia, with a global headcount of approximately 3,000.
