Multi-business enterprise, Max India has decided to sell its 22-year-old specialty films business to Germany's Treofan for an enterprise value of Rs 540 crore as part of the strategy to focus on its core businesses of healthcare and insurance. This is deal is Max India's third major transaction in the last one year.
The company has sold many of its businesses including pharmaceuticals, telecom and electronics over the years, but the biaxially-oriented polypropylene (BOPP) unit always remained part of its portfolio. The specialty film, or BOPP unit, is one of Max India's oldest businesses. Max Speciality has a BOPP capacity of about 50,000 tonnes per annum.
Germany's Treofan develops and sells BOPP films in over 90 countries and has production facilities in Europe and the America.
Company Name | CMP |
---|---|
Max Financial | 1033.00 |
Delphi World Money | 228.50 |
SBFC Finance | 89.25 |
Anand Rathi Wealth | 3938.70 |
Prudent Corporate | 1485.00 |
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