Japanese corporate TOPPAN and its Indian subsidiary TOPPAN Speciality Films announced they are acquiring 80% of shares in Irplast, an Italian high-performance Biaxially Oriented PolyPropylene (BOPP) film manufacturer.
Irplast specialises in producing BOPP, a variation of polypropylene which is stretched, producing a flexible film which increased transparency, durability and processability. The company is delivering flexible film packaging, labels and adhesive tapes for industries including food, beverage, dairy, personal & home care.
The company uses not only virgin raw materials, but also bio-based polymers and post-industrial recycled material. Irplast employs 380 people and in 2023 it had a turnover of €110 million, with 70% of output being exported in +70 countries. Leveraging its experience in the printing and packaging sectors, TOPPAN will integrate Irplast's technology in its own film business, enabling the Japanese corporate to further enhance its sustainable solutions portfolio.
