CCL Industries Inc. to acquire Innovia Group

Innovia Group is the global leader in specialty BOPP films and polymer banknote substrate.

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 add and differentiated films with world 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 substrate in Cumbria. CCL is the world’s largest specialty label business, employs more than 20,000 people, and operates from 156 production facilities across 35 countries on six continents.