Treofan’s majority shareholder acquires other shares in the company
This merger will open up additional strategic options continuing growth worldwide.
Milan-based investor M&C, previously the majority shareholder in global BOPP film manufacturer Treofan Holdings GmbH, Germany, is acquiring all other shareholders’ shares in the company.
M&C, together with the two second-largest shareholders Goldman Sachs and Merced Capital, was considering options for the further strategic development of Treofan over the past few months.
“We’re delighted about M&C’s increased commitment, which will open up additional strategic options for our company to continue growing profitably worldwide,” says Dr. Walter Bickel, chief executive officer of Treofan. “At the same time, I would like to thank our previous shareholders Goldman Sachs and Merced Capital, without whose support we wouldn’t be where we are today.”