ACG Strengthens Position in Packaging Industry with Acquisition of Technical Aluminium Foil Company
ACG, a Mumbai-based integrated pharmaceutical manufacturing solutions company, has announced its complete ownership of Technical Aluminium Foil Company LLC (TAFC UAE). This strategic step underscores ACG's expanding presence in the Middle Eastern and African markets, solidifying its growth trajectory.
As the sole integrated provider of pharmaceutical manufacturing solutions globally, ACG offers an array of products such as capsules, films, foils, engineering equipment, and inspection systems. The inclusion of TAFC, a significant player in aluminium foil packaging headquartered in the UAE, further cements ACG's position as a leading supplier of comprehensive packaging solutions.
Shivshankar S.R., CEO of ACG Films & Foils (a business unit within ACG), expressed enthusiasm for this milestone: "Our inaugural acquisition in the UAE marks an exciting development. This strategic collaboration will bolster our efforts in introducing innovative, high-quality packaging products to the market, while enhancing lead times and service standards."
By uniting their strengths, the two companies aim to drive their collective business forward in the Middle Eastern and African markets. With over a decade of experience, TAFC has served the pharmaceutical and food industries with a wide range of aluminium and specialty packaging foils renowned for their exceptional high barrier properties. TAFC's proficiency in lacquering, lamination, printing, and slitting further enriches ACG's capabilities in addressing the diverse packaging requirements of its clientele.
This acquisition marks ACG Group's inaugural venture in the Middle East and reflects its commitment to the UAE packaging sector. It follows successful recent acquisitions of ComboCap and AquaCap in the Americas. TAFC's integration harmonizes seamlessly with ACG Films and Foils' ongoing operations, empowering both entities to leverage their combined expertise and strengths for accelerated growth.
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