Bilcare acquires Ineos’ global films business

On August 2 Ineos Group entered into a binding agreement for the sale of its global films business to Bilcare, one of the world's leading providers of research led packaging to the global pharmaceuticals industry, for approximately 100 million euro. The agreement brings together complimentary capabilities and synergy's of two businesses. The deal comprises the business, assets and personnel related to Ineos' films operations located in North America, Europe, and Asia. The company employs around 1,300 people across Germany, Italy, India and North America and has a turnover of around 240 million euro.