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Industry Watch > News > News
  • CCL Industries to acquire Innovia Group
    Sat 24, 2016
  • The Smithfield Group, the managing shareholder of Innovia Group, a global leader in specialty BOPP films and polymer banknote substrates, has announced that it has agreed on an offer from CCL Industries, a global specialty industrial business, to acquire Innovia Group for CAN $1.13 billion (€810 million).

    The transaction follows a highly successful period for Innovia during which it has substantially enhanced the capabilities and performance of both its film and banknote businesses. Increasing its strategic focus on high value adds and differentiated films with  leading technology, it divested its legacy cellophane business earlier this year while making significant growth investments over the last three years, including a state of the art new facility to produce polymer banknote substrates in Cumbria. 

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