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Turkish firm buys Italian PET film maker Nuroll

10/02/2011


Polinas, a unit of Turkish food company Yildiz Holding, has purchased PET film maker Nuroll of Pignataro Maggiore, Italy

Terms of the deal, which comes into force on 1 July, were not disclosed.
Polinas, a manufacturer of biaxially oriented polypropylene film, bought Nuroll from PET resin producer M&G Group. The Italian company has an annual capacity of 20,000 tpa of biaxially oriented PET
In a statement, Nuroll said it is the number of producer of BOPET in Italy and that it aims to increase its presence in the Turkish market. It has annual capacity of 20,000 tonnes.
The company said: “Polinas will become a full solution partner both for national and international packaging companies. Its sales and service network will enlarge. With this investment, we will also enter into high added value product segment more. And this will create new investment opportunities.”
Group president of Y?ld?z Holding’s packaging operation Dr Cahit Paksoy said: “Nuroll was the only important company in the M&G group in BOPET packaging and for that reason M&G thought that the best solution was an integration into a global flexible packaging leader like Yildiz.”

Plastics.ru

     








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