{"id":6088,"date":"2025-03-24T10:13:24","date_gmt":"2025-03-24T14:13:24","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=6088"},"modified":"2025-03-24T10:13:24","modified_gmt":"2025-03-24T14:13:24","slug":"toppan-speciality-films-to-acquire-stake-in-italian-bopp-film-producer-irplast","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=6088","title":{"rendered":"TOPPAN Speciality Films to acquire stake in Italian BOPP film producer Irplast"},"content":{"rendered":"


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The shares are being bought from Cheyne SVC. Credit: muph via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

TOPPAN Speciality Films, a division of TOPPAN Holdings in India, has finalised an agreement to acquire 80% of the issued shares of Irplast, an Italian company that specialises in the production of biaxially oriented polypropylene (BOPP) films.<\/p>\n

The shares will be acquired from Cheyne Strategic Value Credit (SVC), a British investment fund that holds a majority stake in Irplast. The financial details of the transaction have not been disclosed.<\/p>\n

Irplast produces BOPP films using simultaneous biaxial orientation technology, which enhances the films\u2019 transparency, durability, and processability, according to the company.<\/p>\n

These films are also noted for their lower environmental impact and greater recyclability.<\/p>\n

They are commonly used in a range of applications such as packaging and labelling for food items, as well as personal and home-care products.<\/p>\n

Through this acquisition, TOPPAN aims to integrate Irplast\u2019s advanced manufacturing technologies into its own operations, enabling the development of innovative BOPP film solutions that cater to various market demands.<\/p>\n

TOPPAN Group executive officer Hiroshi Suzuki said: \u201cThis acquisition represents a significant step forward in TOPPAN\u2019s business growth and technological innovation in the film business.<\/p>\n

\u201cBy incorporating the advanced technologies and expertise of Irplast, we are confident that we can further enhance our sustainable solutions.<\/p>\n

\u201cTOPPAN remains committed to contributing to society through the pursuit of sustainable value creation and customer satisfaction.\u201d<\/p>\n

During the divestment process, Cheyne SVC was advised by financial advisor Houlihan Lokey and international law company Chiomenti while Irplast\u2019s management team was advised by the law business BonelliErede.<\/p>\n

TOPPAN, meanwhile, was advised by EY India as the investment banker for the transaction, with due diligence assistance provided by KPMG and legal representation from Bird & Bird and SAM & Co.<\/p>\n

Last December, TOPPAN agreed to acquire<\/a> Sonoco Products Company\u2019s Thermoformed and Flexible Packaging business for $1.8bn.<\/p>\n

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