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.