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Jindal Poly Films to Acquire 100% Stake in Apeldoorn Flexible Packaging
Jul 08, 2017 (MarketLine Financial Deals Tracker via COMTEX) -- (c) 2001-2016 Marketline. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.

JPF Netherlands BV, a subsidiary of Jindal Poly Films Limited, manufactures Polyester (PET) and Polypropylene (OPP) films, has agreed to acquire 100% stake in Apeldoorn Flexible Packaging B.V., a provider of flexible packaging solutions for load security films, for an enterprise value of EUR82.3 million (USD93.99 million) in all cash transaction. Both JPF Netherlands and Apeldoorn Flexible Packaging are based in The Netherlands. Earlier, Bencis Capital Partners B.V., a private equity firm, has acquired Apeldoorn Flexible Packaging. Apeldoorn Flexible Packaging generated consolidated revenues of EUR111 million (USD116.94 million) in December 2016. The transaction is subjected to regulatory approval and is expected to close by September 30, 2017.

Deal Participants

Deal Rationale

This acquisition will provide Jindal Poly Films access to load security films and also strengthen its relationship with brand owners in the food, beverage and FMCG segments.

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