The Smithfield Group, the managing shareholder of Innovia Group, a global leader in specialty BOPP films and polymer banknote substrates, has announced that it has agreed on an offer from CCL Industries to acquire Innovia Group for CAN $1.13 billion ($850 million). The transaction follows a highly successful period for Innovia during which it has substantially enhanced the capabilities and performance of both its film and banknote businesses. Increasing its strategic focus on high value adds ...