# CCL Industries to acquire Innovia Group for $1.13 billion

CCL Industries has agreed to acquire the Innovia Group, a producer of BOPP films, from a UK consortium managed by The Smithfield Group for about $1.13 billion, debt free. Closing is expected by the end of Q1 2017.

- Type: Acquisition
- Announced: 2016-12-19
- Value: $1.13B
- Status: announced
- Products: BOPP films, polymer banknotes, labels, packaging films
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [CCL Industries](https://endata.com/companies/611.md) (acquirer)
- [Innovia Group](https://endata.com/companies/612.md) (target)
- [The Smithfield Group](https://endata.com/companies/613.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2016/12/19/1179107/0/en/ccl-industries-to-acquire-innovia-for-1-13-billion.html), 2016-12-19: "CCL Industries Inc. announced today that it has entered into a definitive agreement to acquire the Innovia Group of companies for approximately $1.13 billion, debt free."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.