5 Jan 2021
JPF Netherlands B.V. (“JPFN”), the holding company of Jindal Films Europe, has signed an agreement with DOMO Chemicals to acquire 100% of the shares in DOMO Films Solutions Spa (DFS)
- Acquisition will allow horizontal expansion of Jindal Films’ business into Nylon films (including highly specialized films for pharma and medical sectors) and extend its platform across Europe
- DFS’s focus on innovation, sustainability and quality will perfectly complement Jindal Films’ business plans
Kerkrade (Netherlands), Leuna (Germany) and Cesano Maderno (Italy), January 5, 2021 - Jindal Films, an international provider of innovative and sustainable films for flexible packaging industry, has signed an agreement for the acquisition of 100 percent of the shares in Italy-based nylon film specialist DOMO Films Solutions Spa from private owned group DOMO Chemicals.
DFS is one of the major European producers of nylon films (both biax-oriented BOPA and cast extruded CPA) for flexible packaging in food, pharma, medical and other industrial sectors.
The acquisition will boost Jindal Films’ know-how, capabilities, and presence in the pharma, medical and other high end flexible packaging segments, combining biax-oriented (BOPA) and Cast extruded (CPA) nylon films portfolio with the existing full basket of polyolefin-based films. Overall, this means the group will become a full-service provider globally, further expanding the range of plastic films for the flexible packaging converting value chain.
Mr Manfred F. Kaufmann, CEO of the Jindal Films Europe, says: “DFS is a profitable addition to the growing group. As an established European player in both BOPA and CPA films, DFS will complement very well our existing European footprint and capabilities. Together we will continue to serve the European and global flexible packaging industry.”
Yves Bonte, CEO of DOMO confirms: “We believe that Jindal Films is the right successor to further develop a sustainable future for DFS in the flexible packaging industry and its customers. This is also a logic step for DOMO the concentrate in its competence area of polymers and engineered materials.”
Attilio Annoni, Managing Director of DFS, adds: “Combining the two companies’ leadership in sustainability will enable the Jindal Group to stay ahead of customer and regulator expectations even more effectively, further minimizing their environmental impact. DFS currently operates at a progressively improving/reducing carbon footprint, sourcing 100% of renewable energy and developing with up-stream chemistry recycled/recyclable nylon resins for its green product range NYLEEN™.”
Closing is subject to a number of regulatory authorizations and is expected around end Q1 2021.
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Notes for editors
About B.C. Jindal Group (“Group”)
Jindal Films (part of B.C. Jindal group) is active in the development and manufacture of specialty packaging and labeling film solutions, including multilayer white opaque films, metalized films and coated films, for flexible packaging and labeling applications. Group has affiliated production plants in Europe, , United States and in India. Group has sales offices to support customer needs in countries around the world, including North America, Europe and Asia.
About DOMO Film Solutions Spa
DOMO Film Solutions Spa is an Italian manufacturer of Nylon films (both biax-oriented BOPA and cast extruded CPA), for flexible packaging of pharma, medical and food products. Experienced in Nylon films, DFS delivers excellent quality and a broad range of additional features applied on BOPA and CPA films. DFS started operating in 1972 under the name of Caffaro Flexible Packaging and has since then become a major player in Europe.
About DOMO Chemicals
DOMO Chemicals is a global producer of high-quality engineering nylon materials for a diverse range of markets, including the automotive, food, medical, pharmaceutical, chemicals and electronics industries. The company offers a complete portfolio of integrated nylon 6 and 66 products, including intermediates, resins, engineering plastics, performance fibres, packaging film and distribution of petrochemical products. Headquartered in Germany, the family-owned company leverages advanced technology and consumer insights to deliver sustainable and innovative solutions.