Toppan

Japan's Toppan completed the acquisition of an 80% stake in Irplast SpA, a polypropylene film and label producer based in Empoli, Italy, through its Indian subsidiary Toppan Specialty Films, with the remaining 20% kept by management.

TOPPAN Speciality Films agreed to acquire 80% of the shares of Irplast S.p.A., an Italian maker of BOPP packaging films, labels and print tapes, with completion planned for April to June 2025.

TOPPAN Holdings signed an agreement to acquire the flexible packaging and thermoformed container business of SONOCO Products Company for about 1.8 billion US dollars, expanding its sustainable packaging operations in North and South America.

TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.

TOPPAN Holdings and Toyo Seikan will sign a letter of intent to set up a joint venture in Sweden making lithium-ion battery packaging for automakers, with Toyo Seikan holding 51% and a planned total investment of about 11 billion yen.

Toppan will build a 50,000 m² barrier film manufacturing facility in Most, Usti nad Labem region, Czech Republic, to produce its GL BARRIER transparent film for Europe. The ground-breaking took place in November 2023 and mass production is expected by late 2024.

Toppan is building a new factory in the Czech Republic for retort food packaging film, investing about 14 billion yen, with production of recyclable resin film packaging planned from the end of 2024.

Toppan has acquired InterFlex Group, a flexible packaging converter with five production facilities in the US and UK, completing the deal on July 23, 2021. The purchase will establish a flexible packaging production network in North America and Europe.