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M&C S.P.A., the Germany-based owner of Treofan Holdings GmbH, sold its controlling stake in Treofan Europe to Jindal Films, an India-based film and label manufacturer.
Treofan Holdings GmbH, Germany, announced the sale of its Americas business to Canadian label manufacturer CCL Industries for approximately $251 million.
The collaboration with Treofan gives local processors and producers access to a wider range of system solutions that combine BOPP films with composite materials.
BOPP film manufacturer Treofan, Winston-Salem, N.C., formed a strategic cooperation with sales specialist Köylü Matbaa Makinaları in the area of packaging and labeling solutions.