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    Breaking News

    CCL Industries to acquire Innovia Group

    CCL is the world’s largest specialty label business, employing more than 20,000 people across 35 countries.

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    12.20.16
    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. 

    CCL is the world’s largest specialty label business and is publicly quoted on the Toronto Stock Exchange with a market value in excess of CAN $8 billion. It employs more than 20,000 people and operates from 156 production facilities across 35 countries on six continents.

    CCL has a complementary presence in the markets in which Innovia operates, with capabilities in security printing, polymer extrusion and surface engineering that are deployed across all business segments. Innovia’s pre-eminent R&D and high technology capabilities provide a platform for CCL to grow and further enhance its offerings in these markets.
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    • Digital Printers & Presses | Digital Printing | Folding Carton | North America
      CCL invests in 100th HP Indigo digital press

      CCL invests in 100th HP Indigo digital press

      CCL’s global fleet of HP Indigo digital label presses is running at more than 60 sites worldwide.
      Greg Hrinya, Editor 05.12.21

    • L&NW’s top headlines of 2020

      L&NW’s top headlines of 2020

      Mergers and acquisitions, new product launches, and industry activity highlighted the tumultuous year.
      Greg Hrinya, Editor 12.17.20


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