Industry News, Mergers and Acquisitions

TOPPAN Holdings to Acquire Sonoco’s TFP Business

On a pro forma standalone basis, TFP had revenue of approximately $1.3 billion in 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

TOPPAN Holdings Inc. has entered into an agreement with Sonoco Products Company to acquire Sonoco’s Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. This acquisition is highly complementary, combining the sales network, customer base, and solution development capabilities of Sonoco’s TFP business in North and South America with the technical expertise and manufacturing capabilities of T...

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