Taghleef completes Biofilm acquisition

Through the acquisition of Biofilm, Taghleef Industries (Ti) expands its presence in Latin America. Founded in 1988 in Cartagena, Colombia, Biofilm is regarded as one of Latin America’s leading manufacturers of BOPP films for flexible packaging, labels and industrial applications.

Ti Group CEO Dr Detlef Schuhmann said: ‘Since its inception, Biofilm has created a high-performing business focused on exceptional quality, innovation and growth. We are proud to add this new company which shares our same values.
‘We look forward to expanding our presence in Latin America and are especially excited to welcome their highly skilled and experienced workforce and to leverage their strong portfolio in metallized film and vacuum deposited barrier solutions.’

This deal would further extend Taghleef’s position as a supplier of BOPP films in Latin America and throughout the world, increasing annual production capacity to more than 500,000 tons. 

Source: http://www.labelsandlabeling.com/news/industry-updates/taghleef-completes-biofilm-acquisitionL

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