is Innovia Films
Innovia Films has been selected as the new name for the former films business of the UCB Group.
The •320 million acquisition of the company by a consortium led by the former managing director of Hays Chemical Distribution, Dennis Matthewman, and Candover Partners Ltd., has now been completed.
Previously called UCB Films, the company is a global producer of specialty biaxially oriented polypropylene (BOPP) and cellulose films with production sites in the UK, USA, Belgium and Australia.
Innovia Films manufactures label films, security films, coated packaging, overwrap, and biodegradable and compostable films, and employs 1,600 people worldwide. Brands include Propafilm, Cellophane, Rayoface, Rayoart and Guardian.