Toppan- Manufacturing (Speciality Films and Packaging)

Toppan Holdings subsidiary acquires majority stake in Italian (BOPP) film manufacturer, Isplast S.p.A.

EY India acted as the exclusive M&A advisor to TOPPAN Speciality Films in its acquisition of stake in Irplast S.p.A. 

EY successfully advised TOPPAN Speciality Films Pvt. Ltd. (TSF) on its acquisition of an 80% stake in Irplast S.p.A from Cheyne Strategic Value Credit (SVC). This deal enhances TOPPAN’s capabilities and further solidifies EY’s leadership position in the advanced manufacturing industry.

TOPPAN Speciality Films Pvt. Ltd. (TSF) – Founded in 1990, TSF is a leading supplier of speciality and sustainable packaging solutions. A subsidiary of TOPPAN Holdings since 2022, TSF manufactures a wide range of polypropylene (PP) films and is recognized globally for its commitment to sustainability.

Irplast S.p.A – Headquartered in Italy, Irplast is a well-established producer of high-performance BOPP films for various industries.It is known for its innovation, sustainability efforts, and advanced manufacturing technologies in flexible packaging.

This acquisition is part of the TOPPAN Group’s ambition to become a significant global manufacturer of flexible packaging materials with a deep focus on sustainability. The transaction was a unique experience for us, working with multiple international teams. It marks yet another successful transaction for EY India’s investment banking team in the packaging sector.