Belgian BOPP filmfor sale

The producer of high performance BOPP film Treofan announced on October 11 the sale of its Benelux plant (located in Liège, Belgium, with about 100 employees) to Crystal Amaranth (Luxembourg).
After the transaction, whose financials were not disclosed, Treofan will maintain close ties with the Belgian company through a "tolling" agreement for an yearly production of up to 20,000 tons of BOPP film and a distribution agreement for certain Treofan products.