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Dubai's Taghleef Industries to acquire BOPP producer in Spain

10:24 AM MDT | April 10, 2014 | Francinia Protti-Alvarez

Taghleef Industries (Dubai) says it has agreed to acquire Derprosa Film (Alcala la Real, Spain) from private equity firms 3i Group (London) and Baring (Madrid), and other minority shareholders. The deal will expand Taghleef's production capacity for biaxially oriented polypropylene (BOPP) film, the company says. The transaction, approved by the Taghleef and Derprosa boards, is subject to customary completion conditions and expected to close at the end of this month. Financial details of the transaction have not been disclosed. Taghleef currently has eight...

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