• Acquisition Underpins MENA Market Growth
    Shivshankar S.R., CEO at ACG Films & Foils.
  • Shivshankar S.R., CEO at ACG Films & Foils.

News & Views

Acquisition Underpins MENA Market Growth

Jun 29 2023

ACG acquires Technical Aluminium Foil Company

ACG, the world's sole integrated pharma manufacturing solutions company, has announced its complete shareholding ownership of Technical Aluminium Foil Company (TAFC). This strategic move solidifies ACG's growth trajectory in the Middle Eastern and African markets.

As a comprehensive provider of packaging solutions, ACG offers a diverse range of products, including capsules, films, foils, engineering equipment, and inspection systems. The addition of TAFC, a prominent UAE-based aluminium foil packaging company, further strengthens ACG's position in the industry.

TAFC has earned a stellar reputation for over a decade, serving the pharmaceutical and food sectors with its wide range of aluminium and specialty packaging foils known for their exceptional high barrier properties. The company's expertise in lacquering, lamination, printing, and slitting enhances ACG's capabilities in meeting diverse packaging requirements.

This acquisition marks ACG Group's first venture in the Middle East, following its recent successful acquisitions of ComboCap and AquaCap in the Americas. TAFC seamlessly aligns with ACG Films and Foils' existing business operations, enabling both entities to leverage their combined strengths and expertise for accelerated growth.

Shivshankar S.R., CEO at ACG Films & Foils, said: “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 packaging products to market, while reducing lead times and improving service levels.

“By joining forces, the companies will be able to leverage their combined strengths and expertise to propel the business forward in the Middle Eastern and African markets.”

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