Taghleef Industries (Ti), the Dubai-based producer of biaxially oriented polypropylene (BOPP) film, has completed the transaction to acquire Biofilm, one of Latin America’s leading manufacturers of BOPP films for flexible packaging, labels and industrial applications.
Founded in 1988 in Cartagena, Colombia, Biofilm has focused on international sales to grow its business.
“Since its inception, Biofilm has created a high-performing business focused on exceptional quality, innovation and growth. We are proud to add this new company which shares our same values,” said Dr Detlef Schuhmann, CEO of the Ti Group.
“We look forward to expanding our presence in Latin America and are especially excited to welcome their highly skilled and experienced workforce and to leverage their strong portfolio in metallised film and vacuum deposited barrier solutions.”
In 2004, Biofilm opened its second manufacturing facility in Altamira, Mexico, which features multi-layer co-extrusion technology to produce films with unique performance capabilities.
Biofilm's R&D strategy is based on technological platforms that include clear barrier, ultra-high barrier and metallized films.
With eight state-of-the-art metallising chambers at its production facilities, Biofilm is deemed the largest supplier of metallised BOPP films in Latin America, as well as one of the largest suppliers of packaging grade BOPP films in the region.
By finalising this transaction, Taghleef secures a pole position to supply BOPP films in Latin America and throughout the world, increasing annual production capacity to more than 500,000 tons.
The Cartagena and Altamira locations join TI's existing manufacturing sites in the US, Canada, Italy, Hungary, Spain, Egypt, UAE, Oman and Australia.
Ti is one of the largest global manufacturers of BoPP, cast polypropylene films (CPP), biaxially oriented polylactic acid, and biodegradable films (BoPLA). The company said it has a standard and speciality film manufacturing capacity of more than 500,000 tons.
