Italian private equity firm M&C, the owner of Treofan Holdings, has sold its controlling stake in Treofan Europe to Jindal Films, an Indian film and label manufacturer.
As well as a range of films, Treofan offers solutions for in-mould, wrap-around and self-adhesive label applications.
Treofan said that Jindal Films is a global leader in the development and manufacture of speciality biaxially oriented polypropylene films and has affiliated production plants in India, Europe and in the US.
Jindal and its affiliates have sales offices to support customer needs in North and South America, Europe and Asia, with a global headcount of approximately 3,000.
Treofan CEO Walter Bickel said: “The takeover of Treofan by Jindal Films will open up new global strategic directions for the company and its employees.
“At the same time, I would like to thank our current shareholder M&C for its commitment and support over the last decade.”
© FoodBev Media Ltd 2019
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