TOPPAN wraps buy of UK-based Skymark Packaging Intl. to better serve European customers
Tokyo-based TOPPAN subsidiary InterFlex Group wraps its announced acquisition of Skymark Packaging International, a manufacturer of flexible packaging across Europe. With the buy, InterFlex Group and TOPPAN expand their growing presence in the UK and the EU as well as extending their reach in food, converter films and non-food segments. Terms of the deal were not disclosed.
Headquartered in Scunthorpe, UK, Skymark has a strong commitment to developing and promoting sustainable packaging solutions. Its diverse portfolio of flexible-packaging products includes a wide range of specialty blown, flat-cast and embossed PE and PP films. This acquisition enables TOPPAN to expand its service to a wider array of customers across Europe, offering them high-quality, flexible-packaging solutions.
Masahiko Tatewaki, Managing Executive Officer and Head of Global Packaging at TOPPAN, says, “We are very excited to welcome the talented Skymark team to the TOPPAN Group. TOPPAN acquired InterFlex Group in July 2021 and will start production of GL BARRIER1 in the Czech Republic at the end of 2024. This acquisition enables us to maximize synergies in the TOPPAN Group with its global footprint and accelerates expansion of our global packaging business. Skymark's blown- and cast-extrusion capabilities also allow us to strengthen vertical integration, our core business strategy.”