M&C to take full control of Treofan

Milan-based investor M&C, previously the majority shareholder in leading global BOPP film manufacturer Treofan, is to acquire all other shareholders’ shares in the company.

The decision to increase its shareholding was taken by M&C’s board of directors on October 11

M&C, together with the two second-largest shareholders, Goldman Sachs and Merced Capital, had been considering options for the further strategic development of Treofan, headquartered in Raunheim, Germany, over the past few months.

According to the investment firm, its decision to invest even further in the company is based on the very positive performance of the past two years, with a normalized gross operating profit of 29.5 million EUR (32.6 million USD) in the first eight months of 2016, up 30 percent on the same period in 2015. M&C is expecting a further increase in profitability in the future.

‘We’re delighted about M&C’s increased commitment, which will open up additional strategic options for our company to continue growing profitably worldwide,’ said Dr Walter Bickel, Treofan CEO.

‘At the same time, I would like to thank our previous shareholders Goldman Sachs and Merced Capital, without whose support we wouldn’t be where we are today.’

The decision to increase its shareholding was taken by M&C’s board of directors on October 11. The relevant contracts are to be signed soon.