From today, Innovia Security, the manufacturer of Guardian™ polymer banknote substrate, will operate under the new name of CCL Secure.
This follows an announcement made last December advising that The Smithfield Group, the managing shareholder of Innovia Group, had accepted an offer from Canada’s CCL Industries Inc. to acquire the company for CAD $1.3 billion (US $952.7m).
Speaking of the acquisition and rebranding, CCL Secure Vice President and Managing Director Bernhard Imbach said
“I guarantee we’ll continue to deliver the same excellent service, highest-quality product and commitment to innovation – the only difference you’ll notice will simply be a new name and logo.”
He also said that CCL Secure will continue to focus on developing polymer banknote technology in Australia, Mexico and the UK.
Additionally, CCL Secure have assumed management control of Banknote Corporation of America (BCA) which produces high security documents such as passport components and postage stamps, located in Greensboro, North Carolina.
CCL Industries owns 156 facilities in 35 countries. It has recently had several successful targeted acquisitions causing the company to rapidly expand, and boasts a share price that has increased by more than 570% during this period.
For further information, read the Press Release on the CCL Secure website.