Taghleef Industries, Lisa Holdings and Valorem have reached an agreement for Taghleef to acquire Biofilm, one of Latin America’s leading producers of BOPP films for flexible packaging, labels and industrial applications.
Founded in 1988 and jointly owned by Valorem and Lisa Holdings, Biofilm's product lines include clear high barrier, co-extruded, metallized, white opaque, labels and plain (non-heat sealable). Known for its advanced technology, high-volume capacity and value-added service, the company has manufacturing plants in Cartagena, Colombia and Altamira, Mexico.
With this acquisition, Taghleef strengthens 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 production plants in Cartagena, Colombia and Altamira, Mexico to its existing manufacturing sites in the US, Canada, Italy, Hungary, Spain, Egypt, the UAE, Oman and Australia, Taghleef said it is 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.
Dr Detlef Schuhmann, CEO of the Ti Group, said: ‘For years, we have respected the high-quality products and innovative technology developed by Biofilm. By joining its highly experienced and trained workforce with ours, we will achieve synergies in product, production and technical service that will benefit both Ti’s existing customers and the new ones we welcome from Biofilm.’
Dr Vittoriano Di Luzio of Biofilm added: ‘We are looking forward to expanding our presence in Latin America and are especially excited to leverage Biofilm’s strong portfolio in metallized film and vacuum deposited barrier solutions.’
‘Taghleef is an ideal match for Biofilm because of the company’s history of growth through its unique model of successful integration. Biofilm is excited to partner with Taghleef and looks forward with confidence to being part of this strong and continuously growing organization.’