IPI announces the closing of the acquisition agreement by Japanese Oji Holdings Corporation

IPI announces the acquisition agreement closing by Japanese Oji Holdings Corporation

On May 10, 2023 Oji Holdings Corporation finalized the acquisition of IPI.

Oji Holdings Corporation, a leader in the pulp and paper industry, is a Japanese company headquartered in Ginza, Tokyo.

Oji Holdings Corporation was ranked as the fourth world’s largest company in its sector in 2021 and boasts approximately 36,000 employees, 156 subsidiaries worldwide, 86 manufacturing sites throughout Japan, forestry operations in Australia, Brazil, Canada, China, Germany, New Zealand and other countries around the world. Oji Holdings Corporation is listed at the Tokyo Stock Exchange with a market capitalization of approximately 3.8 billion euros.

IPI's technology and know-how represent an important leverage for the development of Oji in the paper sector, particularly in the sector of aseptic carton solutions thus adding another important segment in the wide Japanese group’s portfolio. On the other side OJI's leadership in the pulp and paper industry represents a major competitive advantage for IPI enabling the Italian company to develop the SEA area in an even more capillary way.

Oji and IPI are already working synergistically to expand each other's business globally.

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