White and Williams Represents DDJ Capital Management in Strategic Acquisition
White and Williams served as Delaware counsel to DDJ Capital Management, LLC in the recent sale of Applied Extrusion Technologies, Inc. (AET) to Taghleef Industries, LLC., a global propylene films producer headquartered in Dubai, U.A.E. AET was a portfolio company in DDJ's distressed funds which owned a majority of AET's common stock. The partnership will allow both companies to expand internationally and offer a broader range of services.
DDJ was founded in 1996 and focuses on identifying investment opportunities in non-investment grade companies in the small to mid-cap arena and provides portfolio management, research analysis, legal analysis and trading. AET, headquartered in Wilmington, Delaware, is North America's premier manufacturer of highly engineered oriented polypropylene (OPP) films. AET maintains one of the most extensive portfolios of value-added product capabilities in the market, offering specialty OPP films for a diverse range of applications including labels, flexible food packaging, non-food packaging and others. Taghleef Industries is one of the largest OPP films suppliers in the world, with over 260,000 tons of annual OPP film capacity and facilities in Australia, Europe and the Middle East, serving customers in over 100 countries.