Testimonial: Toyo Ink Group

Testimonial: Toyo Ink Group

Toyo Ink Group is a Japanese leading provider of printing inks, packaging materials, polymer and coatings with operations spanning the Americas, Asia and Europe.

Peter Lauwers

Partner | Advisory

KPMG in Belgium


They have roughly 7,000 employees worldwide. The KPMG Corporate Finance, Transactions Services and M&A Tax teams worked with Toyo Ink Group on a key acquisition in their growth.

By relying on their deep sectoral knowledge, global reach and M&A expertise and credentials the KPMG teams supported Toyo Ink Group in the valuation analysis, bidding strategy, due diligence and transaction negotiations to successfully acquire Arets International, a Belgian manufacturer of UV-cure inks and varnishes. These products are well positioned in the pursuit of eco-friendly alternatives and will contribute significantly to Toyo Ink Group’s sustainable growth in the future.

With this initiative, the Toyo Ink Group plans to expand the aggregate annual scale of the UV cured product group from the present 120 million Euros to 240 million Euros within 3 years.

‘We successfully completed this project because of your support, and I thank you all greatly. Although there was time zone difference between Japan and Belgium, KPMG and the lawyers cooperated quickly. It was a great team.’


Satoru Takashima

Corporate Officer.

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