# Toppan Printing and ITOCHU acquire 10.7% stake in TPN Food Packaging

Toppan Printing and ITOCHU entered into a capital and business alliance agreement to purchase a 10.7% stake in Thailand's TPN Food Packaging for an undisclosed sum, entering the flexible packaging market in Thailand.

- Type: Acquisition
- Announced: 2017-04-06
- Where: Thailand
- Status: announced
- Products: flexible packaging, transparent barrier film
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Toppan Printing](https://endata.com/companies/1233.md) (investor)
- [ITOCHU](https://endata.com/companies/1234.md) (investor)
- [TPN Food Packaging](https://endata.com/companies/23415.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/japans-toppan-printing-itochu-to-acquire-107-stake-in-tpn-food-packaging-5782135/), 2017-04-06: "The latest deal has enabled Toppan Printing and ITOCHU to enter the flexible packaging market in Thailand, which is estimated to be worth around JPY120bn ($1.08bn)."

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