M&A

Provident merges with Precision Flexo & Gravure

Piotr Wnuk — Tue, 13 May 2025 22:48:30 +0000

Provident and Precision Flexo & Gravure have merged to form a strategic alliance designed to enhance service offerings for customers and employees across North America's printing sector.

Provident, renowned for its service and expertise in the pressroom, joins forces with Precision, a company that also shares a rich legacy in both flexographic and gravure printing. The combined organization will leverage the strengths of both companies to drive improvement and growth in the rapidly evolving printing market.

‘The merger of Precision and Provident marks a pivotal advancement in the printing industry, blending decades of pressroom expertise and innovation to deliver unmatched efficiency and quality,’ said Andy Gillis, vice president and general manager of Provident. ‘Together, we are set to redefine industry standards and propel growth for our clients.’

‘We are excited to complement our flexographic and gravure portfolio with the addition of Precision,’ added Darin Lyon, president and CEO of Anderson & Vreeland, Inc., parent company of Provident. ‘The combined offering of Precision and Provident will strengthen our market position and provide our valued clients with the best of two companies, who are focused on delivering unparalleled quality and technical support.’

The new organization will operate under a unified brand name, reflecting the collaborative spirit and mutual respect that underpin this merger. Both companies are committed to ensuring a seamless transition for customers, employees and partners.

‘This powerful merger expands our offering of products, services, and support across our industry,’ commented Tim Allen, president of Precision. ‘We're ready to set new standards in pressroom innovation, offering quality and efficiency that our clients can count on.’

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2 weeks 3 days ago

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Provident merges with Precision Flexo & Gravure

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The new organization will operate under a unified brand name.

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The new organization will operate under a unified brand name.

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AWAVirtual hosts Mergers and Acquisitions Executive Forum 2025

Akanksha Meena — Fri, 02 May 2025 10:59:59 +0000

Alexander Watson Associates (AWA) has confirmed that it will organize the annual AWAVirtual Mergers and Acquisitions Executive Forum 2025 on June 6 for the packaging and labeling sector.

The forum brings together C-level executives, private equity firms, investment bankers, and suppliers to create an industry-focused platform for all involved or interested in M&A across the packaging and labeling sector. Participation is expected from organizations and stakeholders worldwide, offering a truly global perspective on industry trends. The forum program features a selection of presentations and panel discussions focused on M&A drivers, trends, and industry insights; it will provide a snapshot of the major themes in the

M&A packaging and labeling marketplace with a specific focus on deal flow in today’s environment, impact of credit on the M&A market for labels and flexibles, sustainability impact on M&A, and partnering with PE investors for business growth

This year’s Forum is supported by esteemed partners, including William Blair, Blaige & Company, Mazzone & Associates, and Graphic Arts Advisors, whose industry expertise and collaboration enhance the value and reach of the event.

Visit AWA website for more information and registration details.

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4 weeks ago

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AWAVirtual hosts Mergers and Acquisitions Executive Forum 2025

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The forum features presentations and panel discussions focused on M&A drivers, trends, and industry insights.

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INX International acquires Servicom and Galaxy Inks & Coatings

Piotr Wnuk — Thu, 01 May 2025 22:11:33 +0000

INX International Ink Co. has successfully acquired Servicom New Zealand Limited and entered into a definitive agreement to acquire Galaxy Inks & Coatings Australia. Subject to customary closing conditions, that transaction is expected to close by the end of this month.

Servicom New Zealand, established in 2004 and led by founder Stephen Southon, has built a strong reputation as an innovative provider and the sole distributor of INX products in New Zealand. The company supplies high-performance inks for sheet-fed offset, UV, heatset, and two-piece and three-piece metal decorating, along with a comprehensive range of aqueous, UV and metal decorating coatings.

Galaxy Inks & Coatings Australia, founded in 1994 by Paul Hidajat and based in Sydney, is the exclusive distributor of INX products in Australia. Galaxy provides premium packaging inks, advanced inkjet products for digital printing, and a full suite of inks and coatings services, including color matching, supply chain management systems and technical troubleshooting.

‘These acquisitions represent a significant milestone in our strategy to enhance INX’s market presence and capabilities in Australia and New Zealand,’ said Blair Welch, INX managing director for Australia and New Zealand. ‘With Servicom now fully integrated and Galaxy soon to follow, INX is positioned to streamline operations, enhance customer support and accelerate growth throughout the region.’

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4 weeks 1 day ago

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INX International acquires Servicom and Galaxy Inks & Coatings

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The company enhances its presence in New Zealand and Australia.

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The company enhances its presence in New Zealand and Australia.

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Rotocon and HS Machinery join forces

Akanksha Meena — Wed, 30 Apr 2025 09:28:46 +0000

Rotocon and HS Machinery have entered into an agreement to drive innovation in the label flexo printing and finishing industry.

The official agreement was signed on April 24, 2025 by Michael Aengenvoort, Rotocon group CEO, and Ruan Jinshu, CEO of HS Machinery, and witnessed by Marco Aengenvoort, Rotocon Europe managing director, and Mark Zheng, sales manager of HS Machinery.

By combining German engineering excellence with advanced, cost-effective production in facility in China, the companies have created an extensive portfolio of printing and finishing machines offering high customization, quality, and international compliance—all at a competitive price. The initial collaboration between the two companies began in 2019.

‘From the beginning, Rotocon played a crucial role in shaping the design, engineering, and production of HS’s advanced flexo printing presses,’ said Michael Aengenvoort. ‘We didn’t just distribute the machines; we helped design them. Our expertise has been deeply integrated into the process, ensuring that every flexo printing machine meets the highest safety and quality standards, including CE compliance, German TÜV, and DIN ISO 9001 certifications.

‘Today, more than 200 of the latest high-end version flexo machines have been sold worldwide, with multiple customers investing in their second and third machine—a testament to strong customer satisfaction and trust in our high-performance flexo printing technology.’

Under the partnership, Rotocon will lead product development and market expansion, sales and service, key account management with international label groups, exhibitions and event organization outside of Asia, implementing cutting-edge online support technologies, and establishing a customer-driven Board of Excellence.

To provide high quality support, Rotocon and HS Machinery have established an international service network with a team of 28 skilled technicians worldwide, as well as advanced online support, ensuring seamless remote assistance.

This comprehensive service infrastructure offers customers not only benefit from a premium European-engineered machine but also have the assurance of expert support always within reach.

Building on the success of their joint venture, Rotocon and HS Machinery are forging an even stronger collaboration to drive innovation, enhance production capacity, and expand their global reach. By integrating lean manufacturing processes, the partnership is set to improve efficiency, reduce lead times, and deliver even greater value to customers worldwide, according to Rotocon.

Zheng highlighted the impact of this collaboration, stating, ‘Rotocon has earned worldwide recognition as a leading brand of finishing machines in the narrow web industry.

‘Their expertise in engineering high-quality, customizable solutions aligns perfectly with our sales philosophy. Our strong collaboration will continue to bring advanced technology and engineering excellence to printers worldwide, offering flexo printing and finishing solutions that focus on quality, innovation, and customer satisfaction.’

Rotocon is exhibiting at China Print, Print4All, and Labelexpo Europe 2025, where its flexo printing press, a pharmaceutical inspection machine, and a digital finishing machine will be demonstrated. The Rotocon Chrome flexo press was also recently exhibited at Propak Africa and Labelexpo Mexico.

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1 month ago

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Rotocon and HS Machinery join forces

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The agreement combines German engineering excellence with advanced, cost-effective production in facility in China.

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The agreement combines German engineering excellence with advanced, cost-effective production in facility in China.

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Meyers acquires Mankato Packaging

Piotr Wnuk — Tue, 29 Apr 2025 21:13:35 +0000

One of the sustainable packaging leaders, Meyers, has acquired Minnesota-based Mankato Packaging to expand its presence in the folding cartons sector.

The acquisition enhances Meyers’ folding carton products by combining both companies' resources, technology and expertise. Mankato Packaging and Meyers serve overlapping industries, including food and beverage, life sciences, health, beauty and cosmetics, making this a natural fit that strengthens their ability to support existing and new clients with greater value and innovation.

‘This is an exciting milestone for Meyers as we continue to grow our folding carton capabilities and expand the impact we can make for our clients,’ said Christopher Dillon, CEO and co-owner of Meyers. ‘We’re thrilled to welcome new customer relationships and strengthen our presence in an industry that aligns closely with our purpose. As an independent, family-owned company, we remain deeply committed to delivering exceptional service, driving sustainable innovation, and building long-term partnerships that go beyond packaging.’

Michael Dillon, chief revenue officer and co-owner of Meyers, added: ‘We’ve built a strong partnership with Mankato Packaging in recent months, and we’re excited to take this next step together. We’ve long respected their contributions to the packaging industry and see this as a great opportunity to expand the value we deliver—especially in the folding cartons space. It’s a meaningful move in our continued commitment to sustainable, high-quality packaging and long-term client partnerships.’

Todd Loosbrock, president of Mankato Packaging, commented: ‘This acquisition brings together two companies that share a deep commitment to quality, service, and sustainability. Meyers’ industry leadership and purpose-driven mission made them the ideal partner to build on the strong foundation that Mankato Packaging has laid.’

The acquisition adds new client relationships, expanded scale and a team to the Meyers organization. It enables Meyers to deliver even more value to customers while maintaining the personalized service its partners have come to expect.

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1 month ago

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Meyers acquires Mankato Packaging

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Sustainable packaging specialist expands its folding carton production capabilities.

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Sustainable packaging specialist expands its folding carton production capabilities.

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Inovar Packaging Group acquires ModTek

Piotr Wnuk — Mon, 21 Apr 2025 22:31:42 +0000

ModTek is the 11th platform acquisition. Inovar currently stretches across 13 locations nationwide, with plants focusing on prime labels, shrink sleeves and extended content and sustainable packaging for top brands.

ModTek specializes in pressure-sensitive and extended-content labels for the food/beverage, craft beer, wine, spirits and durable goods markets. It offers flexographic, digital and hybrid printing capabilities, as well as premium embellishments, such as hot stamping and embossing.

‘As part of our ongoing efforts to expand and innovate, we are constantly looking for opportunities to enter new markets, attract new customers and enhance capabilities through strategic acquisitions,’ said Jeff Brezek, CEO of Inovar Packaging Group. ‘Acquisition of ModTek strengthens our position across a range of preferred end markets and increases production and distribution capacity in a critical region of the US. It also allows us to offer additional solutions, including roll-fed, pressure-sensitive, RFID and sustainability options. Most importantly, it brings together two talented teams with their members excited to collaborate moving forward.’

Shawn Borman, owner of ModTek, his family business, will continue to lead the New Jersey operations in partnership with the Inovar corporate team.

‘ModTek and Inovar share deep alignment in what is core to ongoing success—continued emphasis on taking great care of customers, employees and partners. I’m looking forward to the value the combined companies will be able to deliver,’ commented Borman.

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Inovar Packaging Group acquires ModTek

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Inovar Packaging Group has acquired ModTek, one of the leading regional prime label producers, based in Pennsauken, NJ, marking another milestone in its growth strategy.

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Inovar Packaging Group has acquired ModTek, one of the leading regional prime label producers, based in Pennsauken, NJ, marking another milestone in its growth strategy.

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Heidelberg acquisition paves digital future at Gallus

Adyasha Sinha — Fri, 11 Apr 2025 12:50:32 +0000

Conventional printing 11 April 2025

Heidelberg acquisition paves digital future at Gallus

Dive in to learn how Gallus’ acquisition by Heidelberg in 2014 brought benefits to both companies, particularly in developing digital technology.

Ferdinand Rüesch IV, widely known as Ferdi, has retired after a long and storied career leading his family business, the press manufacturer Gallus.

Winner of the R Stanton Avery Special Recognition Award at Labelexpo Americas last year, he will spend this year visiting and bidding farewell to long-standing customers. It’s an opportune moment to look back, with vindication, on perhaps the most important decision of his 45-year career: the sale of Gallus, the family business founded by his grandfather in 1923 and previously run by his father, Ferdinand Rüesch III, to Heidelberg in 2014. With Ferdi’s retirement, Rüesch family involvement in the company is no more.

‘There is some sadness about that aspect,’ he admits, ‘as there was in 1999 when we sold Heidelberg the initial 30 percent stake in Gallus. But you have a head and a heart, and, in the end, it was a decision of the head. At the time, my father and I decided that it was the best path for the future. It took a while to digest, but I look back, and I know that it was the right decision.’

It is instructive to look at today’s digital printing landscape. Can any major press manufacturer in the sector claim to be a medium-sized, independent, family-run business? All are either major multinational manufacturing corporations themselves or have partnered with one for technology development. Gallus was seeking investment and resources for the development of digital printing technology when it sold an initial stake to Heidelberg in 1999 before completing the sale in 2014.

Global growth

Ferdi Rüesch took over from his father in 1990 and set about accelerating Gallus’ global growth by opening subsidiaries in the US, UK, Germany, Australia and Denmark. Toward the end of that decade, sheet-fed offset press manufacturer Heidelberg, which was keen to diversify into the flexo industry, approached Rüesch about the possibility of an acquisition.

Heidelberg, says Rüesch, was attracted not only by Gallus’ flexo technology but also by its experience in combination printing, where the company would routinely employ different systems such as flexo, UV flexo, offset and screen on its presses.

“I look back, and I know that it was the right decision”

‘We are at home in the roll-to-roll market; their expertise was in sheet-to-sheet. Our technology would complement the Heidelberg portfolio.’

Having not run the company long, Rüesch was reluctant to endorse a full sale. ‘But I knew there was a need for digital printing in the industry and recognized that Gallus needed support in order to develop it,’ he says. Gallus had attempted previous forays into digital press development, including with Benny Landa in the mid-1990s.

Heidelberg offered to acquire a 30 percent stake in a deal that included an option to buy the remaining 70 percent in the future. ‘I spoke with my father about it. We decided it was a good offer to enter this kind of partnership,’ says Rüesch.

The partnership quickly bore fruit, with the joint development of the Labelfire hybrid press and a digital finishing module for the Gallus ECS flexo machine. ‘It was an advantage for customers to have one supplier for these different printing technologies. And Gallus benefited hugely from Heidelberg’s technology expertise. We wouldn’t have been able to do it without Heidelberg’s support,’ says Rüesch.

Following 15 years of collaboration, Rüesch says it was then the right time for both parties to complete the deal. ‘It was complicated to divide the R&D costs. Heidelberg had a greater reach worldwide, they could open doors for us at big companies which we otherwise couldn’t enter.’

The full acquisition was finalized in 2014. Rüesch became Heidelberg’s largest individual shareholder at the time and focused on managing key accounts before becoming a supervisory board member in 2018.

A low point came in 2021 when an attempted acquisition of Gallus by Benpac failed. ‘It was the toughest year of my career. We lost some credibility among the converter market and had to spend all our energy regaining trust from our customers. The fact that my team and I were still in place helped this. It was a lost year and a hard time. But we got through it, and now it is not an issue.’

The high points, in contrast, are many. ‘My proudest achievements are continuing the work of my father and moving Gallus into the digital printing world with Heidelberg,’ says Rüesch. ‘We have a place in the digital arena with products that suit the demands of different profiles of label converters. Heidelberg was looking for growth markets, and the digital label market was one of the biggest areas of growth, so our digital technology development with them was a hugely important achievement.’

Rüesch sees Gallus’ legacy as a series of pioneering presses in different technology areas. ‘Our T180 press set the world standard in combination printing. We were also a pioneer in UV flexo technology, with the industry’s first fully servo-driven flexo press. The RCS330 set a benchmark in roll-to-roll label printing. And our Labelfire hybrid press was launched in 2014. Ten years later, hybrid technology is in fashion. So, we set many benchmarks. My father traveled around the world, so Gallus was early in establishing a global network of customers.

‘The label industry allows a very close relationship between supplier and customer. I see this with Gallus but also with our competitors. There is something special about the industry.’

Gallus CEO Dario Urbinati is clear that Heidelberg’s acquisition of the company in 2014 has been ‘hugely beneficial’. Urbinati joined Gallus in 2007, when Heidelberg was a minority shareholder, and spent nine years with the company before stints at Omet and Actega. He rejoined Gallus as head of sales and service in 2021 before becoming CEO in 2022.

‘We had attempted several times as a smaller company to enter the digital space,’ he recalls. ‘Gallus had shown great ambition and determination to enter the sector. But the timing was not quite right, and the technology was not quite there.

‘Developing digital technology is a different game. It’s not the same as conventional press development. The language is different. It is less mechatronic and requires a better understanding of chemistry and software. It is a challenging, expensive and long-term venture. Partnering with Heidelberg — and then later becoming fully owned by the company — was absolutely the correct decision. Gallus is an important pillar in the Heidelberg Group’s packaging business, which offers long-term growth potential.’

Strategy

Urbinati’s return to Gallus as CEO took place a year after the failed acquisition. ‘It had been a difficult time. But it was the catalyst for a rethinking of our strategy. We spoke to our customers and listened to their challenges. They cited labor, input costs, sustainability and industry consolidation. We drilled down to how we could really address these concerns, and it became the starting point for a new development cycle focusing on smart, connected printing technology. We started designing products together with the customer, for the customer.

‘Previously, we primarily designed machines; now, we primarily design modules. If you have a modular framework, it is easier and cheaper for customers to adjust to an ever-changing production environment, and it provides greater investment security. A customer once asked me: “How can I buy a machine which depreciates over 10 years, when I don’t know what I’m going to print in five years?” I decided to address that challenge.

“We provide the instruments to the customer, and they compose their own symphony”

‘The primary task was reducing the TCO barrier to profitable digital labels, which we tacked with the Gallus One. But ensuring long-term success is about more than just machinery. Modularity and flexibility by design must incorporate all the other elements, such as software, service and overall business model and strategy. By incorporating modules such as inkjet, flexo, screen, converting options, it allows standardization of the production environment while allowing flexibility of application, because you can add or remove modules as you please. We call it “System to Compose”: we provide the instruments to the customer, and they compose their own symphony.

‘In the last couple of years, this new strategy has been put into reality, so I believe that out of a challenging situation came a very positive outcome. The teams at both Gallus and Heidelberg worked together better than ever to adjust to our customers’ challenges.

‘Our success since the new strategy was implemented shows it’s the right path. We want System to Compose to set a new industry standard. It’s an open system designed for collaboration. We have more than 20 industry partners showing their technology in our Experience Center in St Gallen: Esko, Martin Automatic, Actega, Prati and many more.

‘We have some tremendous products in our pipeline. System to Compose will continue to be updated with new technologies and options for our customers. We have a drive to automate our industry to bring ease of use and flexibility to our products and systems. I am excited by our upcoming technology, and I’m sure the industry will be too.’

A consolidating industry

Two key factors are driving the continued consolidation of the label industry, according to Ferdi Rüesch: a generation shift among converting businesses and the influx of private equity investment into the sector. ‘In the 1970s, many industry pioneers founded successful businesses. The second generation then took over 25-odd years later, in the mid-1990s. Now another generation change is happening as that second-generation retires,’ he says. ‘Secondly, private equity investors have been moving into the industry. From a private equity point of view, the label sector is still fragmented and ripe for consolidation. So there are two significant drivers.’ Rüesch points out that in the US, the tax system encourages the sale of businesses rather than passing them down to the next generation. ‘This attitude towards business is now coming to Europe through private equity investment.’ It remains important to carve a niche, he believes. ‘Small and niche is good; big and profitable is good. It is the medium-sized companies that are under pressure. The converting industry is still very strong in local and regional markets, but it can be harder to compete in the international market.’

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Loftware Acquires BL.INK

Piotr Wnuk — Thu, 10 Apr 2025 23:50:53 +0000

Loftware has acquired BL.INK, one of the leading enterprise link management platforms that empowers brands with secure, scalable and data-driven technologies to enhance engagement and streamline digital interactions.

This acquisition furthers Loftware’s long-standing commitment to providing customers with a single end-to-end technology to support their journey from new product development and supplier management through manufacturing and warehouse/inventory management all the way to distribution and consumer engagement.

Delivering SaaS technology, BL.INK’s technology enables connected packaging and digital engagement for global enterprise brands while building trust through product transparency and verification. BL.INK enables brands to create digital product passports (DPPs), helping them engage with consumers through connected packaging and personalized digital experiences.

‘Each part of the supply chain plays an essential role in ensuring products are produced, stored, and shipped with accuracy and consistency to meet consumer demand and standards. This acquisition builds on Loftware’s capabilities to support our customers’ journeys through the entire supply chain,’ said Loftware president and CEO, Jim Bureau. ‘Link management, dynamic QR codes that don’t expire, and no-code DPPs are critical, especially in industries where products, packaging, and digital content are increasingly interconnected. Adding BL.INK’s robust solutions to our portfolio enables us to support global brands in building seamless, trusted data-driven connections between people and information.’

BL.INK offers a product suite which helps global teams build and manage shortened URLs and QR codes with consistent, structured data, improving campaign and data tracking in real time.

Its no-code DPP platform enables brands to create millions of product microsites in minutes, pulling data from any existing sources to share details with consumers. The platform integrates with existing workflows and tools, supports multiple users and roles, and offers security to meet the compliance needs of the most stringent, highly regulated industries.

BL.INK also plays a pivotal role in accelerating adoption as the industry transitions from 1D to 2D barcodes to meet new GS1 Sunrise 2027 and GS1 Digital Link standards.

‘At BL.INK, we simplify the connections between people and information. Our platform empowers businesses to create, manage, and analyze short links and QR codes with unparalleled precision, ensuring every interaction is seamless, data-driven, and secure. That’s why our customer base includes some of the world’s most recognizable brands,’ said Andy Meadows, founder and managing director at BL.INK.

‘This acquisition marks an exciting new chapter for our company, enabling us to expand our reach and enhance the value we deliver to our customers. By combining our expertise helping brands communicate with consumers through connected packaging with Loftware's proven reputation in enabling authentic, compliant, and traceable products through a connected supply chain, we are poised to offer an end-to-end solution that empowers businesses to innovate, improve traceability and compliance, and engage consumers in more meaningful ways,’ concluded Meadows.

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Loftware Acquires BL.INK

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This acquisition aligns with Loftware’s strategy to modernize product identification throughout the supply chain.

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This acquisition aligns with Loftware’s strategy to modernize product identification throughout the supply chain.

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Antalis acquires The Packaging Company

Piotr Wnuk — Wed, 09 Apr 2025 02:50:27 +0000

Antalis has acquired The Packaging Company, a provider of innovative packaging, to reinforce its commitment to expanding its presence and enhancing service capabilities within the UK packaging market.

Driving innovation and growth in the packaging industry established in 1994, The Packaging Company (Midlands) has earned a strong reputation for delivering bespoke, high-quality packaging across diverse industries. With annual revenues of 3.2 million GBP and a dedicated team of 24 professionals, the company is widely recognized for its innovative approach and commitment to customer-focused packaging.

Through this acquisition, Antalis significantly enhances its packaging capabilities, broadens its product offering and strengthens its strategic position in the UK market. This initiative aligns with Antalis’ ongoing mission to provide customers with a diverse range of high-performance, sustainable packaging products.

‘We are delighted to welcome The Packaging Company (Midlands) Limited into the Antalis family,’ stated Hervé Poncin, CEO of Antalis. ‘Its expertise in bespoke packaging and manufacturing complements our dedication to delivering innovative and tailored solutions. This acquisition embodies our commitment to developing high-performance, sustainable, and reusable packaging options, empowering us to meet evolving market demands effectively.’

Nicholas Thompson, managing director for UK and Ireland at Antalis, added: ‘The talented and dedicated team at The Packaging Company (Midlands) is known for their creativity, exceptional service, and customer-focused approach. We will unlock new opportunities together, delivering even more innovative, sustainable, and customized packaging solutions to delight our customers.’

Mark Charles, CEO of The Packaging Company (Midlands) Limited, commented: ‘Joining Antalis represents an exciting new chapter for our business. This partnership provides significant opportunities to accelerate our growth, expand our technical packaging range, and further innovate sustainable solutions. Our customers will benefit greatly from access to enhanced resources and the latest packaging technologies. We look forward to collaborating closely to shape the future of packaging.’

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Antalis acquires The Packaging Company

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The acquisition reinforces the company’s commitment to expanding its presence in the UK.

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The acquisition reinforces the company’s commitment to expanding its presence in the UK.

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Toppan completes Sonoco’s TFP business acquisition

Piotr Wnuk — Tue, 01 Apr 2025 21:10:46 +0000

Toppan Holdings has closed the acquisition of the thermoformed and flexible packaging business (TFP) of Sonoco Products Company, one of the global leaders in high-value sustainable packaging.

This acquisition is highly complementary, combining the robust sales network, customer base, and technology development capabilities of Sonoco’s TFP business with the technical expertise and manufacturing capabilities of the Toppan Group’s global packaging business.

‘The integration of Sonoco TFP into the Toppan Group is a significant step to enhance our customer experience and provide our products on a global scale,’ said Masahiko Tatewaki, head of Toppan Global packaging business and managing executive officer of Toppan Inc. ‘We are extremely excited to welcome the experienced and talented Sonoco TFP team to the Toppan Group.’

TFP is a leading thermoformed and flexible packaging business serving a wide range of customers in food, retail and medical verticals. TFP provides a variety of complex packaging to value-added categories, including snacks, condiments, healthcare, prepared meals, fresh products, coffee and pet food. On a pro forma standalone basis, TFP generated approximately 1.3 billion USD in 2023.

As part of this transition, TFP will now operate under the Toppan name, and its financial results will be reported in Toppan’s living and industry segments.

Russell Grissett, a respected leader with over 30 years of experience at Sonoco, has been appointed CEO of the new company, reporting to Masahiko Tatewaki. Under Russell’s leadership, the existing management team will remain in place to ensure business continuity.

With this acquisition, the Toppan Group enhances its position as one of the largest global packaging converters, operating more than 60 manufacturing sites in 12 countries.

To improve customer experience, the Toppan Group continues to standardize and streamline its operations globally.

In addition, the Toppan Group plans to launch two business units: Toppan Packaging for the packaging business and Toppan Specialty Films for the high-performance film business, including GL Barrier1.

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1 month 4 weeks ago

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Toppan completes Sonoco’s TFP business acquisition

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The latest acquisition accelerates the global expansion of the sustainable packaging business.

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The latest acquisition accelerates the global expansion of the sustainable packaging business.

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Provident merges with Precision Flexo & Gravure

AWAVirtual hosts Mergers and Acquisitions Executive Forum 2025

INX International acquires Servicom and Galaxy Inks & Coatings

Rotocon and HS Machinery join forces

Meyers acquires Mankato Packaging

Inovar Packaging Group acquires ModTek

Heidelberg acquisition paves digital future at Gallus

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