Industry News

CCL Industries Acquires Treofan Group, Forms Innovia

Published on 2018-08-08. Author : SpecialChem

CCL Industries aquire Treofan Group's Americas business
Italian investor M&C, owner of Treofan Holdings GmbH, has successfully completed the sale of Treofan Group's Americas business to Canadian label manufacturer CCL Industries. All required regulatory approvals have been granted in the US and in Mexico.

Innovia - The New Brand Name

Treofan America Inc., the sales company based in Winston-Salem, NC, as well as the production company in Zacapu, Mexico, which is held via Trespaphan Mexico Holdings GmbH, transferred into CCL Industries' ownership on closing date July 2, 2018. Both companies now trade under the brand name Innovia. A total of approximately 300 people are employed at the two sites.

Comments Treofan Group's CEO, Dr. Walter Bickel: “We are delighted by the successful completion of this transaction. From now on we can fully concentrate on further developing our European production sites, and on continuing to grow our business particularly in the specialty films market."

Source: CCL Industries
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