TOPPAN Acquires Sonoco's Packaging Arm for $1.8 Billion
Deal News | Apr 02, 2025 | Morrison Foerster
Morrison Foerster has played a key advisory role in TOPPAN Holdings Inc.'s recent acquisition of the Thermoformed & Flexibles Packaging (TFP) arm of Sonoco Products Company. The deal, valued at approximately $1.8 billion, marks a significant expansion in TOPPAN's packaging sector. Founded in Tokyo in 1900, TOPPAN is a globally diversified provider specializing in sustainable, integrated solutions across multiple fields. The TFP business unit is known for offering innovative packaging solutions to the food, retail, and medical markets. The acquisition, which was finalized on April 1, 2025, underscores TOPPAN's strategic focus on expanding its capabilities in value-added packaging categories. Morrison Foerster's extensive team provided comprehensive legal support, signaling the complex nature of this international deal.
Sectors
- Packaging and Containers
- Legal Services
Geography
- Japan – TOPPAN Holdings, the acquiring company, is based in Japan.
- United States – Sonoco Products, the target company, is based in the United States, and multiple parts of the Morrison Foerster team involved in the deal are also situated there.
Industry
- Packaging and Containers – This industry is relevant because the acquisition involves the Thermoformed & Flexibles Packaging arm of Sonoco Products Company.
- Legal Services – Morrison Foerster, a leading law firm, provided the legal advisory services for this transaction.
Financials
- $1.8 billion – The purchase price for the acquisition of the Thermoformed & Flexibles Packaging arm of Sonoco Products Company by TOPPAN Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TOPPAN Holdings Inc. | Buyer | Company | A leading diversified global provider, headquartered in Tokyo, specializing in sustainable, integrated solutions in various fields. |
| Sonoco Products Company | Seller | Company | An American company known for its packaging solutions across various sectors. |
| Thermoformed & Flexibles Packaging (TFP) | Target | Company | A business unit of Sonoco Products specializing in innovative packaging solutions. |
| Morrison Foerster | Legal Advisor | Company | A global law firm providing comprehensive legal services for the acquisition deal. |
| Jeremy White | M&A Practice Leader | Person | Global Co-Chair of MoFo's M&A Practice involved in the transaction. |