Innovia is the global leader in polymer banknotes and is perhaps best known as the company behind the UK’s new plastic £5 notes.
The Cumbrian-based company can trace its roots back to 1933 as a pioneer of cellophane before broadening its business over the decades to include polypropylene film used for food wrappings and in other sectors. It expanded into plastic banknotes in 1988 when it launched the first polymer notes in Australia and it now produces more than 99.9% of the world’s polymer bank notes, almost 50 billion to date.
As well as manufacturing the new £5 note and the £10 note (released in 2017), it also supplies Mexico, Canada and New Zealand and is targeting other countries like India and Brazil.
Innovia was established as the company it is today in 2004 when it spun-out of Belgium group UCB with the backing of Candover, latterly Arle Capital Partners. It was then acquired by Canadian business CCL Industries in December 2016.
WINNER - BVCA MANAGEMENT TEAM AWARDS 2015
Arle Capital Partners: 2004 - 2016