Taghleef to buy AET films.

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* Taghleef Industries (Ti) and Applied Extrusion Technologies, Inc. (AET Films) have announced the companies have reached an agreement for Taghleef to acquire AET Films. The transaction, which has been approved by the boards of directors of both companies, is subject to regulatory approval and is expected to close by the end of the second quarter, 2012. Houlihan Lokey has been named as the financial advisor to AET Films and its shareholders in this transaction.

Headquartered in Dubai, Ti currently has six production sites across the globe with a nominal capacity of 260,000 tons per annum. Ti develops, manufactures and markets BOPP (biaxially-oriented polypropylene), BOPLA (NATIVIA) and CPP (cast polypropylene)...

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