Converter Trioplast Group is to acquire Dutch food packaging firm Apeldoorn Flexible Packaging (AFP), which is a part of B.C. Jindal Group.

“AFP has a proven track record of supplying the market with premium products and superior support, to maximise value for customers,” said Andreas Malmberg, chief executive of Trioplast.

Evert Paardekooper, managing director of AFP, added: “With the combined product portfolios, increased technical support and leading R&D capabilities, I´m convinced we together will create even more value for our customers.”

The Trioplast Group will, after the transaction is completed, own 100 per cent of the shares.

Dutch-based AFP started production of plastics films in 1968 and is a producer and supplier of premium load stability film (LSF) and food packaging film (FPF). The company posts turnover of €120 million ($133m) with a total of 220 employees.