Spanish supplier of flexible films Derprosa has been acquired by Taghleef Industries (Ti), the global BoPP producer, for an undisclosed sum. The deal will expand Ti's annual production capacity to approximately 400,000 tonnes.
Derprosa manufactures BOPP films for food packaging, labels and graphic arts. Its headquarters and production facilities are located in Southern Spain with an office in Madrid and a worldwide sales network.
Ti, headquartered in Dubai, is currently one of the world's leading BOPP producers with operations in Europe, the Middle East, North America and Australia, and distribution centres in China, El Salvador and Germany.
Rashid Al Ghurair, chairman of Taghleef Industries states: "The high added value film range of Derprosa Film will allow Ti to penetrate new markets, diversify its product offering and seize further business opportunities. Our companies will join their forces and consolidate their presence worldwide."
José Ángel Medina, CEO of Derprosa, adds: "Our strategic approach to the markets and continuous investment in research and development has allowed the company to grow healthily. Indeed our choice to partner with Ti has been driven by our increasing exposure to the markets and the opportunity to maximise our reach."
Derprosa will be incorporated with Ti Europe, consisting of four production sites in Italy, Spain, Hungary and Egypt.
www.ti-films.com www.derprosa.com
