Taghleef Industries (Ti) has completed the acquisition of Biofilm, expanding its presence in Latin America.
Biofilm is regarded as 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. In 2004, the company opened its second manufacturing facility in Altamira, Mexico, which features multi-layer coextrusion technology to produce films with unique performance capabilities. Innovation at Biofilm is based on technological platforms that include clear barrier, ultra-high barrier and metallized films. With eight state-of-the-art metallizing chambers at its production facilities, Biofilm is the largest supplier of metallized BOPP films in Latin America, as well as one of the largest suppliers of packaging grade BOPP films on the entire continent.
Ti Group CEO Dr Detlef Schuhmann said: ‘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.
‘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 metallized film and vacuum deposited barrier solutions.’
By finalizing this transaction, Taghleef has extended its position as a supplier of BOPP films in Latin America and throughout the world, increasing annual production capacity to more than 500,000 tons. With the addition of Cartagena and Altamira to existing manufacturing sites in the US, Canada, Italy, Hungary, Spain, Egypt, UAE, Oman and Australia, Ti describes itself as, ‘geographically positioned to provide a consistent worldwide supply of specialty films, as well as proactive and responsive technical support to multinational and regional customers across six continents.’