Ashok Jaipuria promoted Cosmo Films has informed that it has successfully completed acquisition of GBC Commercial Print Finishing with global revenues of approximately $100 million.

GBC Commercial Print Finishing has been bought by Cosmo Films Ltd. for a consideration of US$ 17.1 million.

GBC Commercial Print Finishing is an industry leader, providing thermal lamination films and equipment in Europe, North America, Japan, and the Pacific Rim. It is the only print finishing market participant that provides a complete solution in all major markets across the globe, including both laminating equipment and thermal film.

Post this acquisition, Cosmo Films Limited will successfully establish itself as the global leader in thermal lamination segment.

In addition company officials also believes that Cosmo Films Ltd., which is already a major exporter of thermal laminates to Europe and US, will now also gain significant access and establish a strong foothold in the other major global markets.

The scrip of Cosmo Films was trading with 2% gain at Rs 97 on BSE. The counter has made 52-week-high and low of Rs 113 and Rs 55 respectively.