Trioworld Group, a leading producer of innovative high-performance plastic film solutions in Europe and North America, has entered into joint venture with FilmTec LLP, a leading provider of Ultra High-Performance Stretch Films and POF Shrink films based in India.
Veritas Legal acted for and advised Trioworld Group on this transaction. The Firm provided assistance in connection with the legal due diligence, and drafting, negotiating and finalization of the transaction documents.
The transaction team was led by Sneha Nagvekar (Partner), with support from Avadhoot Potnis (Senior Associate), Gunjan Jadiya (Associate) and Trisha Shetty (Associate).
Kritvi Kumar, Hriday Chokshi, Sneha Nair and Swasti Patoria (Associates) assisted on diligence aspects.
Swedish Firm Mannheimer Swartling also acted as co-legal advisor to Trioworld Group on this transaction.
This partnership strengthens Trioworld's global reach and aligns perfectly with their vision of driving sustainable innovation in the packaging industry worldwide. With FilmTec's local expertise and leadership in ultra high-performance stretch film, Trioworld can now build a robust platform for future growth across Asia, the Middle East, and Africa.
Trioworld Group is a leading global manufacturer of high-performance plastic films and sustainable packaging solutions, headquartered in Sweden. With operations across Europe and North America, the company serves sectors such as industrial packaging, agriculture, food, and healthcare.
Filmtec is an Indian company based in Valsad, Gujarat, specializing in ultra high-performance stretch films, POF shrink films, and encapsulation films for solar PV modules. With over three decades of experience, Filmtec has established itself as a technology-driven player in the flexible packaging segment.
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