07 May 2013 00:06 [Source: ICIS news]
HOUSTON (ICIS)--India-based Jindal Poly Films has agreed to purchase ?xml:namespace>
The deal is valued at $235m (€179m) and should close by the end of July, Jindal Poly Films said in a press release.
The two companies agreed to the framework of the deal in October 2012 and signed a sales agreement on 3 May 2013, the New Delhi-headquartered flexible packaging films producer said.
Five BOPP production locations in the
Also included are a technology centre and sales office in
The acquisition will increase Jindal Poly Films’ global combined BOPP capacity to about 445,000 tons/year, according to the company.
($1 = €0.76)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections