Dubai company acquires Applied Extrusion Technologies

qiangzi

Wednesday, June 6, 2012
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Dubai, UAE and Wilmington, DE - Taghleef Industries a leading global biaxially oriented polypropylene film (BOPP) producer, announced that it has closed the transaction to acquire Applied Extrusion Technologies, one of the principal manufacturers of specialized BOPP films in the Americas. Headquartered in Dubai, Taghleef is currently one of the leading BOPP producers with operations in U.A.E., Oman, Egypt, Australia, Italy and Hungary and distribution centers in the U.S., China and Germany. Applied Extrusion Technologies, headquartered in Wilmington, DE, purchased the BOPP films division of Hercules in 1994. AET Films offers a wide range of highly sophisticated flexible packaging films for labeling, food and non-food applications. The company has two production facilities located in Varennes, Canada and Terre Haute, IN, as well as a state of the art research and development facility in Newark, DE, and an R&D pilot line in Covington, VA.