Toppan strikes $1.8B deal to acquire Sonoco’s flexible packaging business

December 31, 2024

Japanese printing giant Toppan Holdings Inc. announced in December it will purchase Sonoco’s thermoformed & flexible packaging (TFP) business for approximately $1.8 billion. The deal represents a strategic move to bolster Toppan’s presence in the global sustainable packaging market. Sonoco’s TFP business caters to diverse customers across the food, retail, and medical sectors. Its offerings […]