Fintech PR

TOPPAN Holdings Acquires Sonoco’s TFP Business

Published

5 hours ago

December 19, 2024

Agreement reached on acquisition of Sonoco’s TFP business as TOPPAN Group accelerates expansion of sustainable packaging business in Americas

TOKYO, Dec. 19, 2024 /PRNewswire/ — TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has entered into an agreement with Sonoco Products Company (NYSE: SON) (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco’s Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.

This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco’s TFP business in North and South America with the technical expertise and manufacturing capabilities of TOPPAN Group’s global packaging business.

Sonoco’s TFP is a leading thermoformed and flexible packaging business serving a wide range of customers in food, retail, and medical verticals. TFP provides a variety of complex packaging to value-added categories including snacks, condiments, healthcare, prepared meals, fresh products, coffee, and pet food. On a pro forma standalone basis, TFP had revenue of approximately $1.3 billion in 2023.

“We are extremely pleased to have the opportunity to bring Sonoco’s TFP business to the TOPPAN Group. In order to accelerate our strategy to become a global leader in sustainable packaging solutions, we will employ the complementary strengths of both parties to drive growth, solve customers’ needs and create significant value for our shareholders,” said Hideharu Maro, Representative Director, President & CEO of TOPPAN Holdings. “This is an essential milestone in the TOPPAN Group’s global strategy to scale the sustainable packaging business.”

This transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025.

The TOPPAN Group’s Strategy

The TOPPAN Group aims to be a leading solution provider addressing global issues. Under the current medium-term-strategy, the TOPPAN Group has been transforming its portfolio, and one of its key strategies is to drive sustainable packaging solutions at global scale.

The vision of the TOPPAN Group’s packaging business is “Change the World through Packaging Innovation,” and its mission is to “Foster a society focused on well-being and sustainability, while safeguarding our planet for future generations, through the continuous development of innovative packaging solutions that explore cutting-edge materials and technologies.”

The TOPPAN Group has been driving innovation in the development of sustainable packaging solutions by establishing a global supply chain from film manufacturing to packaging manufacturing and optimizing cost to meet brand owners’ needs locally and globally.

Advisors
Houlihan Lokey is acting as lead financial advisor and Morrison & Foerster LLP is acting as legal advisor to TOPPAN. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. is also acting as financial advisor to TOPPAN.

Goldman Sachs & Co. LLC is acting as lead financial advisor and Freshfields LLP is acting as legal advisor to Sonoco. RBC Capital Markets, LLC is also acting as financial advisor to Sonoco.

About the TOPPAN Group

Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals.

https://www.holdings.toppan.com/en/
https://www.linkedin.com/company/toppan/

About Sonoco’s TFP

Sonoco’s TFP business has a strong customer base and manufacturing footprint in North America and South America with approximately 4,500 employees in 22 manufacturing plants, over 700 patents, and design capability across 10 countries.

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Fintech PR

Golden Suisse Hosts Exclusive Event at Grand Hôtel Stockholm with Anders Borg

Published

58 minutes ago

December 19, 2024

CISION (PR Newswire)

ZURICH, Dec. 19, 2024 /PRNewswire/ — Golden Suisse, a global leader in secure wealth solutions, hosted an exclusive evening at the renowned Grand Hôtel Stockholm, drawing Sweden’s financial elite, private banking leaders, and High Net Worth Individuals (HNWIs). The highlight of the event was an address by Anders Borg, Sweden’s former Finance Minister, who shared his expert insights on navigating economic uncertainty and protecting wealth in today’s rapidly shifting global landscape.

Key Highlights of the Evening:

Anders Borg’s Address: Borg’s thought-provoking speech explored the challenges of wealth preservation amid inflationary pressures and rising liquidity risks in the global economy.
Golden Suisse’s Unique Offering: Founder Daniel Weitmann presented Golden Suisse’s innovative solutions that combine classical Swiss bullion vaulting with modern, integrated credit card and payment systems, ensuring unmatched security, privacy, and wealth protection.
Symbolic Gesture: As a token of appreciation, Anders Borg was presented with an American 1oz Gold Bullion Coin, symbolizing Golden Suisse’s commitment to economic freedom, geopolitical neutrality, and resilience against systemic banking vulnerabilities.
Prestigious Audience: The event brought together Sweden’s financial thought leaders and HNWIs, fostering meaningful conversations on secure wealth management solutions beyond the limits of traditional banking systems.

The evening concluded with a vibrant networking session, underscoring the growing demand for secure, inflation-resistant alternatives as liquidity concerns loom over the global financial sector.

Golden Suisse’s vision focuses on empowering individuals with true ownership of assets, discretion, and a shield from inflation through direct physical gold investments. Their approach aligns classical wealth protection principles with modern solutions for discerning individuals and institutions.

About Golden Suisse:

Golden Suisse is a global leader in secure wealth management solutions, combining traditional Swiss bullion vaulting with advanced payment integration. Designed for individuals and institutions seeking the highest levels of security, privacy, and financial independence, Golden Suisse sets a new benchmark in wealth protection.

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Fintech PR

Flipster Achieves ISO/IEC Certification

Published

58 minutes ago

December 19, 2024

CISION (PR Newswire)

WARSAW, Poland, Dec. 19, 2024 /PRNewswire/ — Flipster, one of the fastest-growing cryptocurrency trading platforms, is proud to announce its recent achievement of the ISO/IEC 27001 certification, an internationally recognized standard for information security management. This milestone underscores Flipster’s dedication to safeguarding user data and ensuring a secure and trustworthy platform for its users.

This certification enables businesses across industries and organizational sizes to effectively address security risks, protect sensitive data, and comply with legal and regulatory requirements. By adhering to this standard, organizations demonstrate their commitment to information security and resilience in the face of evolving threats.

Achieving the ISO/IEC 27001 certification represents Flipster’s commitment to transparency, reliability, and trust. It reinforces the platform’s ability to manage user information securely and aligns with its mission to provide a safe and seamless environment for trading and asset management. The certification not only reflects Flipster’s dedication to excellence but also assures customers that their data is handled with the utmost care and security.

With the ISO/IEC 27001 certification, Flipster users can trade and invest with confidence, knowing that the platform is equipped with industry-leading security measures to protect their data and assets.

About Flipster

Flipster is one of the fastest-growing cryptocurrency exchanges, offering both futures and spot trading to traders globally. It supports users in capitalizing on market opportunities with ease. Especially known for its lightning-fast perpetual futures listings, Flipster offers 250+ crypto futures pairs tradable with up to 100x leverage with zero trading fees, deep liquidity, and narrow spreads. Core products include:

Earn Campaign: High APR rewards of up to 22% by depositing USDT, BTC, or ETH.
Launchpool: Daily USDT rewards through staking, with additional rewards through task-based multipliers.
Airdrops: Crypto rewards from new and popular crypto projects by completing missions.
Flipster also offers a range of programs for VIPs, Referrals, and Affiliates. For the latest updates, follow Flipster on X.

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Fintech PR

BloombergNEF Awards Sungrow as the Most Bankable Company for Energy Storage System and PCS

Published

58 minutes ago

December 19, 2024

CISION (PR Newswire)

bloombergnef-awards-sungrow-as-the-most-bankable-company-for-energy-storage-system-and-pcs

HEFEI, China, Dec. 19, 2024 /PRNewswire/ — BloombergNEF (BNEF) has recognized Sungrow as the world’s most bankable company in both the energy storage system and Power Conversion System (PCS) sectors, in its just-released Energy Storage System Cost Survey 2024. “This honor hinges on Sungrow’s optimal products and services, cutting-edge technologies, robust financial health, reliable supply chain, and extensive global practices,” said James Wu, Senior Vice President of Sungrow.

BloombergNEF is recognized by numerous international financial institutions as among the most credible third-party renewable energy research hubs. Sungrow’s No.1 bankability ranking represents that projects using the Sungrow energy storage system or PCS are more likely to obtain financing from banks than other competitors, ensuring favorable and sustainable benefits for stakeholders. This year, over 80% of the bankability survey participants are headquartered in the US or Europe, this highlights that Sungrow’s ranking demonstrates robust trust from stakeholders in the global financial market and energy storage field.

As a dedicated and trustworthy trailblazer with an 18-year track record in the energy storage industry, Sungrow holds the top position in global cumulative energy storage system installations. The track record is further solidified by its involvement in landmark projects, such as a 7.8 GWh energy storage project in Saudi Arabia, one of the largest of its kind in the world. Additionally, Sungrow has demonstrated its commitment to safety through two large-scale burn tests of its PowerTitan series of utility-scale battery energy storage systems, which have set new industry safety standards. With a continued focus on innovation, Sungrow provides comprehensive grid-forming energy storage solutions, maximizing investors’ return on investment and ensuring a more sustainable energy system.

“We are proud to be the preferred brand for customers, partners, and financial organizations,” said Wu. “With our professional team in 20 local branches spanning six continents, we are dedicated to empowering our customers and partners with reliable, sustainable energy products and services that drive global progress toward a greener future.”

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com.

CONTACT: Mina Zhang, [email protected]