LUXEMBOURG, LU—On Oct. 24, B.C. Jindal Group completed the acquisition of Treofan Holdings GmbH, Germany (“Treofan Europe”). Treofan Europe is a major manufacturer of biaxially oriented propylene films (BOPP films) for packaging, label, tobacco and technical applications in Europe.
Manfred Kaufmann, CEO Jindal Films Europe, commented: “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.”