CCL Industries C$1.13 billion acquisition of The Smithfield Group

Overview:

• CCL Industries has acquired Innovia Group from The Smithfield Group for C$1.13 billion.
• Innovia is a polymer currency manufacturer and is responsible for manufacturing the UK's new £5 note. It employs 1200 people.
• The company recently attracted adverse headlines when it was discovered that the new notes contained traces of animal fat.
• CCL Industries specialises in label and package making.

Sam Duke - Editor