Dubai’s Taghleef acquires Spanish polypropylene film maker
Dubai-based Taghleef Industries (Ti) has signed an agreement to acquire Spain’s Derprosa Film from 3i Group, Baring, and its shareholders, Food Production Daily has reported. The deal is subject to customary completion conditions expected to close by the end of April, 2014, said 3i Group communications director, Kathryn van der Kroft, declining to provide further details on the deal. “However, more information should be forthcoming once the transaction has completed,” said van der Kroft. Ti makes polypropylene films for applications including food packaging, labelling and Bio-oriented PolyLactic Acid (BoPLA) packaging films, branded Nativia.