Taghleef Industries acquires Radici Film

Taghleef Industries (TI), a manufacturer of packaging films and part of the Al Ghurair group of companies of the United Arab Emirates, has merged with Radici Film – a European BOPP producer.

TI, headquartered in Dubai, owns three production sites in the United Arab Emirates, Oman and Egypt, holds 50 percent equity in Shorko Australia and operates a dedicated warehousing and distribution center in Germany. TI manufactures BOPP and CPP films, complying with strict environmental, safety and hygiene norms. TI’s new production line in Oman with a capacity of 35,000 tpa is coming on stream later this year.

Radici Film operates production sites in both Western Europe (Italy) and in Eastern Europe (Hungary). 

TI’s merger with Radici Film is said to be a friendly takeover, as both companies realize the opportunities their combined markets and resources will offer to their customers. TI and Radici Film expect to integrate their activities over a period of twelve months.

With this acquisition, TI emerges as one of the largest manufacturers of BOPP films in the world with a combined annual film production capacity approximating 290,000 tons. With the objective of serving its growing export markets, TI has in the pipeline plans of further addition to its capacity.

According to Dr Detlef Schuhmann, TI’s CEO, customers of Radici Film will benefit through the merger, as TI have better access to raw material capacity, a problem that many western competitors are facing today. The worldwide shift of the petrochemical industry into the Middle East will make the region a global production hub for polymers
and plastics, he believes.