08.21.18
Taghleef Industries (Ti), Lisa Holdings and Valorem S.A. have announced that they 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, which was approved by the Board of Directors of all parties, is subject to regulatory approval and is expected to close in the fourth quarter of 2018.
With this acquisition, Taghleef secures its position as a top 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, Ti is 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.
“For years, we have respected the high-quality products and innovative technology developed by Biofilm,” says Detlef Schuhmann, CEO of the Ti Group. “By joining their highly experienced and trained workforce with ours, we will achieve synergies in product, production and technical service that will benefit both Ti’s existing customers and the new ones we welcome from Biofilm.
“We are looking forward to expanding our presence in Latin America and are especially excited to leverage Biofilm’s strong portfolio in metalized film and vacuum deposited barrier solutions," he adds.
Vittoriano Di Luzio of Biofilm adds, “Ti is an ideal match for Biofilm because of the company’s history of growth through its unique model of successful integration. Biofilm is excited to partner with Taghleef and looks forward with confidence to being part of this strong and continuously growing organization.”
With this acquisition, Taghleef secures its position as a top 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, Ti is 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.
“For years, we have respected the high-quality products and innovative technology developed by Biofilm,” says Detlef Schuhmann, CEO of the Ti Group. “By joining their highly experienced and trained workforce with ours, we will achieve synergies in product, production and technical service that will benefit both Ti’s existing customers and the new ones we welcome from Biofilm.
“We are looking forward to expanding our presence in Latin America and are especially excited to leverage Biofilm’s strong portfolio in metalized film and vacuum deposited barrier solutions," he adds.
Vittoriano Di Luzio of Biofilm adds, “Ti is an ideal match for Biofilm because of the company’s history of growth through its unique model of successful integration. Biofilm is excited to partner with Taghleef and looks forward with confidence to being part of this strong and continuously growing organization.”
