The Treofan Group, one of the world’s leading makers of high-performance BOPP films, is considering the sale of Treofan Benelux,which owns a production site in Liège, Belgium, with some 100 employees. Contacts with a number of potential investors are at an advanced stage and negotiations could be concluded within the next few months.
“Our strategy is to focus on a smaller range of specialty BOPP films, especially in the areas of tobacco, electronics and in-mould labels,” said Carlo Ranucci, the CEO of the Treofan Group. “With Treofan Benelux mainly producing other types of films, the sale is a logical step.”
Treofan intends to maintain close ties with the Belgian operation once the envisaged transaction is completed. A ‘tolling’ agreement would enable the Liège site to produce up to 20,000 tons of BOPP films for Treofan per annum. Treofan would also cede some distribution rights for Treofan’s products to the new Belgian entity.
Together with a number of other measures, this agreement would create a significant degree of stability for the Belgian operation and its employees, while giving the new owners the opportunity to develop new production and distribution strategies.