Toppan Holdings subsidiary Toppan Speciality Films in India has signed a definitive agreement to acquire 80% of the issued shares in Irplast, an Italian manufacturer of biaxially oriented polypropylene (BOPP) films. The shares will be acquired from the current majority stakeholder, British investment fund Cheyne Strategic Value Credit.Irplast utilizes simultaneous biaxial orientation technology to enhance transparency, durability, and processability. The company’s solutions are said to contribute to improved recyclability and reduced environmental impact, making its products essential across various industries, including packaging and labels for food, personal care, and home care products.
