Dubai-based Al Ghurair Group Acquires Insolvent German Film Manufacturer Treofan

After five months of insolvency proceedings, the Neunkirchen-based film manufacturer Treofan has been acquired by Al Ghurair Group, a family-owned business based in Dubai. The acquisition culminated in the transfer of business operations to a newly established entity named Polyopt GmbH, ensuring the continuation of company activities. This development was facilitated by the restructuring law firm Flöther & Wissing, which played an instrumental role during the self-administration insolvency process to preserve the company and secure new investors.

The Al Ghurair Group aims to expand its footprint in the plastics industry with this acquisition. The Neunkirchen site, which employs approximately 290 staff members, will continue to focus on the development and production of capacitor films and flexible packaging films. The deal represents a significant step in maintaining local jobs and preserving production capabilities in Saarland amid challenging economic circumstances.

According to the restructuring firm Flöther & Wissing, "The new ownership under Al Ghurair Group ensures the continuation and further development of Treofan’s key product lines at the established site." This acquisition exemplifies a successful transition following insolvency, securing the company's future in Germany while aligning with the owner’s global expansion strategies in plastics manufacturing.