back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Bookmark Bookmarked

CCL Industries Buys Innovia Group

The Smithfield Group, the managing shareholder of Innovia Group (“Innovia”), the global leader in specialty BOPP films and polymer banknote substrate, have agreed an offer from CCL Industries Inc., a global specialty industrial business, to acquire Innovia Group for CAD 1.13 billion (EUR 810 million). The transaction is subject to regulatory and change of control approvals as well as customary completion procedures with closing expected by the end of the first quarter, 2017.

CCL, with headquarters in Toronto, Canada, is the world’s largest specialty label business, employs more than 20,000 people and operates from 156 production facilities across 35 countries on 6 continents. Geoffrey T. Martin, President and Chief Executive Officer of CCL, said, “This transaction is another transformative acquisition for CCL, propelling the Company to world leadership in the disruptive, fast growing polymer banknote market while strengthening our depth in the materials science arena with proprietary BOPP films technology for the label, packaging and security sectors."

Innovia, headquartered in Wigton in the UK, is a leading global producer of specialty, high performance, multi-layer, surface engineered BOPP films for label, packaging and security applications. The business has film extrusion, coating and metallizing facilities across the U.K., Belgium and Australia as well as high security, specialized polymer banknote operations in the U.K., Australia and Mexico with 1200 employees and sales offices in 16 countries around the world. For 2017, Innovia is expected to generate net revenue of approximately CAD 570 million and estimated EBITDA of CAD 155 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 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, UK.

Innovia Security,Innovia's polymer banknote division, has produced approx. 50 billion polymer banknotes for central banks around the world, representing over 99% of all polymer notes in global circulation since their introduction in Australia in the early 1990s. Its Guardian substrate is used in 24 countries and provides significant benefits and cost savings to central banks.

Company profile

Innovia Films Ltd.

West Street, Wigton
Tel.: +44 16973 42281
Fax: +44 16973 41452


Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.