Home / Content / B2B Connect / Plastics & Polymers / Japan's Toppan picks up 49% stake in Max Speciality Films for Rs 200 cr

Japan's Toppan picks up 49% stake in Max Speciality Films for Rs 200 cr

The new partnership with Toppan Printing will help strengthen MaxVIL's speciality films business

Premium

BOPP films

Rakesh Rao Mumbai

Last Updated : Feb 10 2017 | 4:47 PM IST

The $ 6.8 billion Japan-based Toppan Printing Co Ltd will acquire 49 pecent stake in the New Delhi-based Max Speciality Films (MSF), the flagship manufacturing business of Max Ventures and Industries Limited (MaxVIL), for Rs 200 crore.

The new partnership with Toppan, a multinational corporation with interests in information & communication, living & industry, and electronics, will help strengthen the speciality films business and serve as a testimony of MaxVIL’s commitment to expanding its manufacturing business.

Established in 1900, Toppan will serve as a strategic partner in MSF and share their expertise in managing a global speciality films business, as well as,

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in