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Polinas acquires Italian BOPET producer
9 February 2011: Turkey based company Polinas has acquired biaxially-oriented polyester (BOPET) producer Nuroll from the M&G Group.
The deal to sell Nuroll, a year in negotiation, was signed at the start of 2011 and will become effective from 1 July 2011. Nuroll’s facility at Pignataro Maggiore, Italy has an extrusion line, a co-extrusion line and a coating line. It has converting capabilities for both in-line and off-line treatment, said M&G.
Nuroll is a major producer of BOPET film. With an annual capacity of 18,000 tpa, the company has a “strong market share” in the flexible packing sector.
Polinas, a subsidiary of Yıldız Holding Packaging, is a leading producer of PP flexible packaging in Turkey, as well as manufacturing various plastic films such as cast and bio-oriented polypropylene.
Source: Foodproductiondaily