Japan’s Toppan Printing is bidding to buy the western German interior décor producer Interprint. Subject to approval by Germany’s Federal Cartel Office the sale should go through by the end of 2019.
The Tokyo company was attracted by Interprint’s tradition and solidity.
“We are very enthusiastic about the leading design ability of Interprint and its extraordinary, long-term customer relationships,” said TOPOAN Europe CEO Hideo Yoshikawa. “These will form the basis for our future growth not only in Europe but in the rest of the world market.
Interprint was founded in 1969 and has 1300 employees and eight production locations in Germany and abroad. In 2018, it had a turnover of around 350 million euros.
In 2017, Toppan – which does around 12 billion euros worth of business – also purchased Spanish company Decotec Printing.