Consumables

Treofan Group will not acquire Max Speciality Films

Wednesday 05. June 2013 - Germany-based Treofan Group announced today it is not going to acquire Max Specialty Films, a subsidiary of New Delhi-based Max India Ltd.. Both parties have, in mutual consenus, called off negotiations that had been ongoing since about two years.

“Within the framework of our new corporate strategy, the focus currently is clearly on successfully restructuring and profitably growing our core businesses in Europe and the Americas”, comments Peter Vanacker, who took over as Treofan CEO in September 2012.
“We are also growing our global presence by establishing an intelligent structure that, in a first phase, will primarily aim at creating strategic cooperations or license agreements with trusted partners. This provides us with the flexibility needed, considering the most recent changes in global BOPP business.”
“Our continued cooperation with Max Specialty Films, of course, forms part of this concept”, says Vanacker. Max India Ltd. has announced it plans to transfer the Max Specialty Film division into a separate subsidiary.