Taghleef buys Spanish BOPP film company Derprosa Film

11-Apr-14

Taghleef Industries has entered an agreement to acquire Derprosa Film, based in Spain, which will add to Taghleef’s growing capacity for production of biaxially orientated polypropylene (BOPP) film, as per European Plastics News. Taghleef, which is headquartered in Dubai, is buying Deprosa from UK investors 3i Group, Baring Private Equity and other minority shareholders for an undisclosed amount. The transaction is expected to close by the end of April. Taghleef’s current nominal capacity is 385,000 tpa for producing BOPP, BOPLA and cast polypropylene films for packaging. Its eight production plants are in Italy, Hungary, UAE, Oman, Egypt, Australia, US and Canada. Derprosa’s one facility is in Alcala la Real, Spain. According to the company’s website, the plant’s capacity is “greater than 30,000 tpa” of BOPP film. During the period of ownership by 3i Group and its investment partners, Derprosa was restructured to focus on international expansion and developing high margin products. Maite Ballester, managing director at 3i Spain, said: “We have worked with the management team to accelerate the business by focusing on product development and entering new markets. In the last four years alone, the company has developed and launched more than 14 products and it also has a strong pipeline of products to launch. We are pleased to have supported the business and look forward to seeing the company’s continued growth.” In March, Taghleef said its Hungarian plant is upgrading its BOPP line to 5-layers, increasing its film capacity at the plant to a total of 60,000 tpa.