Consumables

Treofan makes non-binding offer to acquire Max Specialty Films

Wednesday 12. September 2012 - Treofan has offered to acquire a 100% stake in Max Speciality Films, the bi-axially oriented polypropylene (BOPP) film division of Max India Limited, one of India's leading multi-business conglomerates. The Board of Max India today approved the divestment of Max Speciality Films to Treofan, which develops and sells BOPP films in over 90 countries around the world has already production facilities in Europe and the Americas.

The offer from Treofan is subject to financing, a material adverse change clause, confirmatory due diligence, execution of mutually satisfactory sale and purchase agreements, management retention, and receipt of regulatory and corporate approvals.
With a BOPP capacity of approx. 50,000 tons per annum, Max Speciality Films is one of the leading Indian players in the development and manufacture of specialty BOPP films, including multilayer white opaque films, ultra high barrier metalized plain films and leather finishing foils. Its products are used by leading players in food packaging, overwrapping, consumer products, labels and textile industries. Max Specialty Films is a consistent winner of various quality and performance awards.
Mr. Jürgen Lindemann, Commercial Director of Treofan, said “Max Specialty Films with its diversified product portfolio and technical platform will be complementary to Treofan’s strategy to market high-end BOPP film solutions. After operating plants in Europe and Mexico, the footprint in India will enable Treofan to transfer its unique portfolio and technology into the strongly growing Asian markets and become a global partner for its customers.”