Latin America expansion for Taghleef with the acquisition of Biofilm
21 Aug 2018 --- Taghleef Industries (TI) is to acquire Biofilm, one of Latin America’s leading producers of BOPP films for flexible packaging, labels and industrial applications. The move hopes to secure Taghleef’s position as a top supplier of BOPP films in Latin and America and further regions, increasing its annual production capacity to reach more than 500,000 tons.
“For years, we have respected the high-quality products and innovative technology developed by Biofilm,” says Dr. Detlef Schuhmann, CEO of the Taghleef Industries 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.”
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, Taghleef states that it is geographically positioned to provide a worldwide supply of specialty films, as well as proactive and responsive technical support to multinational and region customers.
“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.”
Dr. Vittoriano DiLuzioof Biofilm added: “TI 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.”
Taghleef offers a range of sustainable film options such as Extendo and Nativia. You can read more about Taghleef here, when PackagingInsights spoke to Mario Molinaro, the Business Unit Director at Anuga Foodtec 2018.
