Tokyo, Japan-based TOPPAN Printing Co., Ltd., signs an agreement with Wrede Industrieholding GmbH & Co. KG (WREDE) to acquire 100% of INTERPRINT GmbH (INTERPRINT). It is expected that the deal will be final by the end of 2019 as soon as merger-control proceedings have been completed.
“With both companies together, we are confident that we will bring outstanding value to the industry globally,” says Norio Yamanaka, dir. & managing executive officer of TOPPAN’s Environmental Design Subdivision.
“We are excited about INTERPRINT’s benchmark décor design expertise as well as its exceptional and long-standing customer relationships. It will be the foundation for our future expansion not only in Europe, but also through the rest of the global market,” adds Hideo Yoshikawa, CEO-Toppan Europe GmbH.
INTERPRINT will become a part of the TOPPAN Group. The well-established INTERPRINT brand name will be retained and serve as an umbrella for TOPPAN’s décor printing activities outside of Japan.
“Over the last 50 years, INTERPRINT has had an outstanding track record in business thanks to the entrepreneurial spirit of its management team. Our decision to choose TOPPAN as a strategic investor is a signal to all employees and customers worldwide that INTERPRINT will continue to be a trusted partner now and in the future,” says Michael Sindram, MD-Wrede Industrieholding.