# BIAXPLEN acquires 50% stake in Manucor

BIAXPLEN has acquired a 50% stake in Manucor S.p.A., a European BOPP film producer, forming a joint venture to create one of the largest BOPP film producers in Europe.

- Type: Acquisition
- Announced: 2019-09-27
- Where: Italy
- Status: announced
- Products: BOPP film
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SIBUR](https://endata.com/companies/2258.md) (investor)
- [Manucor](https://endata.com/companies/11795.md) (target)
- [BIAXPLEN](https://endata.com/companies/42376.md) (acquirer)

## Sources

- [hydrocarbonengineering.com](https://www.hydrocarbonengineering.com/petrochemicals/27092019/biaxplen-sets-up-petrochemical-joint-venture-with-manucor/), 2019-09-27: "We are happy to announce this transaction with Manucor, one of the leading European BOPP players with excellent relationships with the major end users and converters in Europe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.