IndustryNewsNews
shareholder of Innovia Group (“Innovia”), one of the global leaders in speciality BOPP films and polymer banknote substrate, has announced that it has agreed an offer fromCCL Industries, a global speciality industrial business, to acquire Innovia Group fofor CAN $1.13 billion. The transaction is expected to close by the end of Q1, 2017.
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The transaction fofollows a highly successful period or Innovia, duringwhich it has substantially
enhanced the capabilities and perfoformance of both its filmand banknote businesses. Increasing its strategic fofocus on high value add and diffe
fferentiated
filmswithworld leading technology, it divested its legacy cellophane business earlier this yearwhile making significant growth investments over the last three years, including a state-of-f-the-art newfafacility to produce polymer banknote substrate in Cumbria. Mark Robertshaw, chief executive of Innovia Group, said: “CCLwill be an excellent long-term owner fofor the employees and customers of Innovia. CCL recognises and values Innovia’sworld leading technology, R&Dand diffe ntiation in films and security and sees a high degree of complementarity Ls own capabilities andmarkets to establish
ffere with CCL’
and operates from156 prod businesses; it employsmore CCL is one of the world’s l newgrowth opportunities fofo
argest speciality label r their business.”
uction facilities across than 20,000 people
35 countries, with presence in similarmarkets in which Innovia operates.
InnoviaGroupacquired byCCLIndustries he Smithfield Group, themanaging
Packaging holograms cap industry awards E
ye-catching holograms fofor a plastic oil bottle and screw top cap were highly commended in the Best Applied
Decorative/Packaging Product category at the Holography Awards 2016.
label fofor TOTA
Chakavak Printing House’s holographic TAL Quartz and the HologramCap
fromMorphotonix were both identified for their originality and ability to blend design appeal with technology that ensures the products’ authentication and originality. The holographic label for TOTAL uses colour adjusting techniques and UV
y.
embossing on the label, while Morphotonix nano engraves features with 127,
7,000 dpi
precision directly onto steelmoulds to catch the consumer’s eye and hide security codes for enhanced supply chain control.
New International HologramManufacturers Association chairman, Manoj Kochar, said: “The awards celebrate the very best in holographic achievement and themany remarkable innovations the industry introduces each year.
“Creativity, flair and design excellence have again shone through in the 2016 entries, reflecting how holography continues to push the holographic boundaries forward both technically and commercially.”
Confer The
awards took place at the Holography ence in Warsaw, Poland recognising
excellence and cutting edge technology.
Other category winners included: Innovation in Holographic Technology and also Best Element ‘Egypt ograms; Best
Te Display or Emerging Te Kurz Stiftung & Co.
Winner of the BrianMonaghan Award for Business Innovation went to John Hazen, president and CEO of Hazen Paper Company, fofor his outstanding contribu
tion to the industry. y,
y. y,,
Phantasy’ from Demax Hol Origination - Nano Optical
Technology Application of Holography - Reverso from Surys; and
Kinegram Colors foil stripe Best Applied Security Prod
from Leonhard uct - The
A Mee
Meech Innovation
HYPERPERFORMANCE
HYPERPRODUCTIVITY
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