CCL to buy Innovia from Smithfield-led group for $1.13 bln: Reuters
Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, which supplies the new British plastic five pound note that has fallen foul of vegetarians, for around $1.13 billion. The acquisition of U.K.-based Innovia is expected to make Toronto's CCL the world leader in the fast-growing polymer banknote market. CCL is buying Innovia debt free and net of cash from a consortium of U.K. private equity investors managed by The Smithfield Group LLP.
19 December 2016•2 mins read
