Toppan Inc. entered into a share transfer agreement to acquire 90% stake in Majend Makcs Company Limited.
April 14, 2022
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Toppan Inc. (TSE:7911) entered into a share transfer agreement to acquire 90% stake in Majend Makcs Company Limited on March 31, 2022. The acquisition will enable Toppan to produce flexible packaging in Thailand for supply to markets in Europe, North America, and Southeast Asia. Synergies generated by the acquisition of Majend Makcs are expected to include enhancing the Toppan Group's global supply capability for sustainable packaging. This will be achieved by leveraging Majend Makcs as a base for the manufacture of sustainable packaging that takes advantage of Toppan products such as barrier film for functional mono-material packaging, part of the GL BARRIER lineup. Majend Makcs will also function as a hub for development and analysis of customer and technology trends in the global market. Procedures scheduled to be completed on May 16, 2022.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).