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Jindal Poly Films inks pact to acquire 100% stake in JPF Netherlands Investment

08 Jun 2023 Evaluate

Jindal Poly Films has entered into an agreement on June 06, 2023 to acquire the 100% shareholding of JPF Netherlands Investment B.V. a Netherlands based entity, which is engaged into the business of packaging films business through its three operational wholly owned subsidiaries based out of France, Italy, and United Kingdom. These operational entities are into the business of manufacturing of specialty, nylon, coated and metalized films and laminates. The products are mainly used as flexible packaging in foods, pharma, and luxury industry.

Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.

Peers
Company Name CMP
Vardhman Textiles 571.00
Welspun Living 223.70
Arvind 558.05
Raymond Lifestyle 700.55
K.P.R. Mill 1135.80
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