Toppan Group and Irplast officially mark closing of acquisition

The closing of the transaction between the Japanese group Toppan — through its Indian subsidiary Toppan Specialty Films — and Irplast was finalized at Irplast’s headquarters in Empoli.

Toppan is acquiring 80 percent of Irplast’s share capital. The remaining 20 percent will be retained by the current management, represented by CEO Fausto Cosi and COO Luca de Bartolo.

Toppan Group executives attended the ceremony: Satoshi Hoya, president, corporate and global business affairs; Manohar Kumar, CEO of Toppan Specialty Films; Masahiko Tatewaki, head of global packaging operations and president and CEO of Toppan Specialty Films USA; and Hiroshi Suzuki, deputy general manager of the living and industry division, with responsibility for R&D strategy and global operations.

Institutional representatives in attendance included Empoli mayor Alessio Mantellassi; member of Parliament Federico Gianassi; Senator Dario Parrini; Barbara Antonini, coordinator of the Empolese-Valdelsa territorial office; and Giuseppe Dentato from the CGIL trade union.

'This partnership represents a significant strategic milestone for both companies and marks the beginning of a new phase of growth for Irplast,' said CEO Fausto Cosi. 'The important synergies generated will allow us to strengthen our international development plan, while remaining firmly anchored to the values that have always guided us: quality, reliability and a strong focus on our customers’ needs.'

The acquisition is part of Toppan Group’s global expansion strategy, further strengthening its presence in the European market and broadening its range of products offered to international clients. Irplast produces specialty films, printed labels and adhesive tapes. The company has launched a major industrial development plan aimed at tripling its production capacity, supported by the installation of a new Brückner Maschinenbau – LISIM line. This investment will enable the production of 30,000 tons of specialty films designed for recyclable mono-material multilayer structures, in line with the new European directives (PPWR) and based on raw materials from renewable sources and chemical recycling.

Satoshi Hoya, president, corporate and global business affairs and president of TOPPAN, said: 'We have great respect for the management and the entire Irplast team, who have demonstrated outstanding know-how and foresight in selecting the most advanced technologies. We are excited to begin this partnership, which strengthens our mission as a provider of specialized solutions and further expands our ability to meet the demands of our customers.'