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INEOS Group has entered into an agreement to sell its global films business to Bilcare AG for approximately $130.5 million.
August 2, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
INEOS Group has entered into an agreement to sell its global films business to Bilcare AG for approximately $130.5 million. INEOS Films produces polymer films for pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards. The agreement comprises the business, assets and personnel related to INEOS’ Films operations across manufacturing sites in Germany, Italy, India and North America. The company employs 1,300 people. ...
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