Taghleef Industries acquires Applied Extrusion Technologies

Taghleef Industries (Ti), a leading global biaxially oriented polypropylene film (BOPP) producer, has acquired Applied Extrusion Technologies (AET Films), one of the principal manufacturers of specialised BOPP films in the Americas. The purchase of AET Films allows Ti to expand its global footprint, secure a strategic position within the North American market and connect with multinational brand owners, according to Rashid Al Ghurair, Chairman of Taghleef Industries. Headquartered in Dubai, Ti is currently one of the leading BOPP producers with operations in U.A.E., Oman, Egypt, Australia, Italy and Hungary and distribution centres in the USA, China and Germany.

An integration team has been designed and implemented now that the purchasing process is complete. This strategic acquisition will expand the Ti group’s presence in the Americas, whilst increasing its annual global BOPP film production capacity to approximately 360,000 tonnes. www.ti-films.com