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Treofan: Sale of Italian CPP plant to local investors

High performance BOPP film manufacturer Treofan (Raunheim / Germany; www.treofan.com) has sold its production site and assets in Lamezia, Calabria / Italy, to local investors, providing a cash benefit of around EUR 2m to the company. The plant produced cast polypropylene (CPP) and did not fall in line with the company's focus on high performance BOPP labels and speciality packaging, technical films and tobacco films.

Treofan has completed sale agreements with two investors, who acquired the plant machinery and the real estate respectively.

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