Treofan’s American business includes distribution in North, Central and South America.
CCL Industries Inc., a Canada-based provider of specialty label, security and packaging solutions, signed a binding agreement to acquire Treofan America Inc., Winston-Salem, N.C., and Trespaphan Mexico Holdings GmbH, Mexico, from its parent company, M&C S.p.A., Italy. The entities to be acquired represent the “Treofan Americas” business in the United States, Latin America and Canada. M&C S.p.A. would continue to control the equivalent European business through Treofan Germany GmbH & Co. KG and Treofan Italy S.p.A, which are not part of this transaction. The acquired Treofan entities will trade under the Innovia brand name.
Treofan Americas produces biaxially oriented polypropylene (BOPP) film from its Zacapu, Mexico, plant, which delivers a capacity of 60,000 tons for specialty applications in consumer packaging and label markets. The transaction also include the Winston-Salem sales office and distribution center.