India’s ACG Bolsters MENA Footprint with TAFC Acquisition
Indian company ACG has acquired Technical Aluminium Foil Company LLC (TAFC) – one of the leading flexible packaging companies in the UAE – expanding its footprint across the MENA region.
Mumbai-headquartered ACG is the world’s only integrated pharmaceutical solutions and manufacturing company for capsules, films & foils, engineering equipment, and inspection systems. The company stated that the acquisition will further solidify ACG’s position as a leading provider of comprehensive packaging solutions.
Shivshankar S R, CEO, Films & Foils at ACG, says, “We are excited to be making our first acquisition in the UAE. This strategic collaboration will further support our work in bringing innovative and high-quality products to market, while reducing lead times and improving service levels. The takeover enables the companies to leverage their combined strengths and expertise to propel business forward in the Middle Eastern and African markets.”
Located in Ajman, TAFC has over a decade of experience serving pharmaceutical and food industries with its wide range of aluminium and specialty packaging foils known for their high-barrier properties.
