Treofan – Sale of European business to Jindal Films

GERMANY • RM&C S.P.A., owner of Treofan Holdings GmbH, has sold its controlling stake in Treofan Europe to Jindal Films, an Indian film and label manufacturer.

The legally binding agreement was signed and the transaction is expected to be closed before the end of the first quarter of 2019, subject to regulatory approval and closure procedures.

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, Europe and 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.