Pablo Hoffman forwarded this New York Times article about a suppliers of materials for Britain’s new polymer bank notes. Thanks.
-Editor
The private equity firm Arle Capital Partners said on Monday that it had agreed to acquire the Innovia Group, a company set to supply materials for Britain’s new plastic bank notes.
The deal gives Innovia, based in Wigton, England, an enterprise value of 498 million euros, or about $690 million.
Innovia, which employs about 1,600 people, is a maker of films used in labeling, packaging and polymer bank notes. It was awarded a contract this year to supply materials for the new plastic 5 pound and 10 pound notes.
The new notes are expected to be introduced beginning in 2016, with a new “fiver” featuring the visage of Winston Churchill.
To read the complete article, see:
Arle Capital to Buy Supplier of Plastic Bank Notes
(dealbook.nytimes.com/2014/04/28/arle-capital-to-buy-supplier-in-new-british-bank-notes/)
Wayne Homren, Editor
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