Jindal Poly Films has (JPFL) has completed the acquisition of ExxonMobil’s Global business of BOPP, which accordingly has led to change in control. The company, in this respect, had signed the Framework Agreement in the month of October, 2012 and the Sale Purchase Agreement in the month of May, 2013. With this acquisition, the company is one of the leading manufacturers of flexible packaging films globally with a combined capacity of approximately 1.45,000 tonnes per annum for BOPP films.
Further, the transaction covers five BOPP production locations in the U.S and Europe, with the manufacturing sites being in Georgia and Oklahoma in the U.S. and in Italy, the Netherlands, and Belgium in Europe. The transaction also includes a technology center and sales office in Rochester, New York, and an office in Luxembourg.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India. Its current combined capacity of BOPET and BOPP is 337,000 tonnes/annum and its annual sales turnover as on March 2012 was $452 million.
Further, the transaction covers five BOPP production locations in the U.S and Europe, with the manufacturing sites being in Georgia and Oklahoma in the U.S. and in Italy, the Netherlands, and Belgium in Europe. The transaction also includes a technology center and sales office in Rochester, New York, and an office in Luxembourg.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India. Its current combined capacity of BOPET and BOPP is 337,000 tonnes/annum and its annual sales turnover as on March 2012 was $452 million.
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