Italy: Business Expansion Jindal Films Acquires Domo Chemicals’ Nylon Film Business in Italy
JPF Netherlands, the holding company of Jindal Films Europe, has acquired 100 % shares in Domo Chemicals’ Domo Films Solutions Spa (DFS). The move is expected to expand Jindal Films’ business into nylon films.
The Netherlands – Jindal Films, an international provider of innovative and sustainable films for flexible packaging industry, has recently signed an agreement for the acquisition of 100 per cent of the shares in Italy-based nylon film specialist Domo Films Solutions Spa (DFS) 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.
Manfred Kaufmann, CEO of the Jindal Films Europe, says: “DFS is the perfect addition to the growing group. As an established European player in both Bopa and CPA films, the company will perfectly complement our existing European footprint and capabilities. Together we will continue to serve the European and global flexible packaging industry.”
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.