Innovia Group
Manufacturer of speciality films, and substrate for polymer banknotes

Current investments

Innovia Group
Manufacturer of speciality films, and substrate for polymer banknotes

Innovia Group

In April 2014, Epiris invested €40 million as a cornerstone investor in the €498 million acquisition by Arle Capital of Innovia Group.

Business
Headquartered in Wigton, Cumbria, Innovia Group is a leading manufacturer of films used for packaging, and substrate used in polymer banknotes. The company operates from production sites on three continents and sells through a global network of sales offices, agents and distributors. The Group has two divisions:

  • Innovia Films, which is a leading global producer of speciality high performance films primarily used to make pressure-sensitive and in-mould labels, overwrap and advanced coated flexible packaging for the food industry
  • Innovia Security, which is an established manufacturer of polymer banknote substrate under the Guardian® brand, supplying to more than 20 countries worldwide. In early 2014, Innovia announced a new contract with the Bank of England for the supply of polymer substrate for the next generation £5 and £10 notes 

Rationale
Innovia’s security business is well positioned to benefit from further growth in the market for polymer bank notes, and its specialist films business is expected to grow through investment in new capacity.

Strategy
Our strategy is to win new contracts in the security business, building on the recent Bank of England win, and to support capacity expansion in the films business.

Update
In 2016, Innovia sold its Cellophane business to Futamura Chemicals, Japan’s leading manufacturer of plastic and cellulose films.

Status

Active

Activity

Manufacturer of speciality films, and substrate for polymer banknotes

Sector

Industrial

Transaction type

Co-investment

Growth theme

International

Initial investment

Apr 2014

Location:

International

Website:

www.innoviaholdings.com
www.innoviafilms.com
www.innoviasecurity.com

£5 and £10

New polymer banknote substrate supplied to Bank of England

1,600

People employed worldwide
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