The Treofan Group, one of the world's leading makers of high performance BOPP films, is considering the sale of Treofan Benelux SA, which owns a production site in Liège, Belgium, with about a hundred employees. Contacts with a number of potential investors are at an advanced stage and negotiations could be concluded within the next few months.
Reduction of business complexity continues; stronger focus on specialty films "Our strategy is to focus on a smaller range of specialty BOPP films, especially in the areas of Tobacco, Electronics and IML Labels, said Carlo Ranucci, the CEO of the Treofan Group. "With Treofan Benelux SA mainly producing other types of films, the sale is a logical step.
Measures taken to ensure stability for Belgian unit 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.