TOPPAN PRINTING to acquire 100% of the international décor printer INTERPRINT to further strengthen its global expansion strategy
June 29, 2019TOPPAN Printing Co., Ltd. (TOPPAN) has signed an agreement with Wrede Industrieholding GmbH & Co. KG (WREDE) to acquire 100% of INTERPRINT GmbH (INTERPRINT). It is expected that the transaction will be consummated by the end of 2019 as soon as merger control proceedings have been completed.
“With both companies together, we are confident
that we will bring outstanding value to the industry globally,” said Norio
Yamanaka, Director & Managing Executive Officer of TOPPAN’s Environmental
Design Subdivision.
“We are excited about INTERPRINT’s benchmark décor design expertise as well as
its exceptional and long-standing customer relationships. It will be the
foundation for our future expansion not only in Europe, but also through the
rest of the global market,” said Hideo Yoshikawa, CEO of Toppan Europe GmbH.
INTERPRINT will become a part of the TOPPAN Group. The well-established
INTERPRINT brand name will be retained and serve as an umbrella for TOPPAN’s
décor printing activities outside of Japan.
“Over the last 50 years, INTERPRINT has had an outstanding track record in
business thanks to the entrepreneurial spirit of its management team. Our
decision to choose TOPPAN as a strategic investor is a signal to all employees
and customers worldwide that INTERPRINT will continue to be a trusted partner
now and in the future,” said Michael Sindram, Managing Director of Wrede
Industrieholding.