# CCL Industries to buy polymer banknote maker Innovia Group for $840M

Canadian packaging company CCL Industries agreed to acquire Innovia Group from private equity investors led by The Smithfield Group in a deal worth CA$1.13 billion ($840 million), announced December 2016.

- Type: Acquisition
- Announced: 2016-12-20
- Value: $840.0M (1.13B CAD)
- Status: announced
- Products: polymer banknotes, specialty packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.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

- [law360.com](https://www.law360.com/articles/874845/canada-s-ccl-pays-840m-for-polymer-banknote-maker), 2016-12-20: "Canadian specialty packaging solutions company CCL Industries Inc. has agreed to buy polymer banknote maker Innovia Group from a group of private equity investors"

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