Taghleef Industries (Ti), a global biaxially oriented polypropylene film (BoPP) producer, has closed the transaction to acquire Derprosa Film, a Spanish supplier of flexible films for the packaging industry and the graphic arts applications.
Founded in 1988 in Jaén, Spain, Derprosa Film manufactures and markets BoPP films for food packaging, labels and graphic arts.
The headquarters and the production facilities are located in Southern Spain with an office in Madrid and a worldwide sales network in place.
In recent years, Derprosa has been developing, patenting and offering a portfolio of films for the Graphic Arts applications designated to the luxury packaging market.
Headquartered in Dubai, Ti has operations in United Arab Emirates, Oman, Egypt, USA, Canada, Australia, Italy and Hungary and distribution centers in China, El Salvador and Germany.
Derprosa Film will be incorporated with Ti Europe consisting of four production sites located in Italy, Spain, Hungary and Egypt.
This acquisition will expand the Ti group’s presence while increasing its annual global BoPP film production capacity to approximately 400,000 tons.