Polymer banknote provider Innovia bought for $845 million
Global supplier of polymer banknotes Innovia has accepted an offer by a Canadian packaging firm to buy its business for C$1.13 billion (US$844.6 million), the companies announced on December 20.
UK-based Innovia, which provides the substrate for polymer banknotes used in the UK and in Australia, received a lot of media attention this year after it was discovered resin from animal fat was used in the production of its polymer.
However, in light of the sale to CCL Industries, based in Toronto
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