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Polymer banknote maker Innovia has conveniently agreed to sell itself to a Canadian firm. -Editor
 Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, which supplies the new UK plastic five pound note that has fallen foul of vegetarians, for around
C$1.13 billion ($842 million).
The acquisition of UK-based Innovia is expected to make CCL the world leader in the fast-growing polymer banknote market. Britain is one of the largest economies to adopt plastic banknotes and they are already in circulation in Canada, Mexico, New Zealand and Australia. But the new five pound note, made of a thin and flexible plastic designed to be cleaner and harder to forge, has fallen foul of thousands of people who object to the use of animal fats in their manufacture. The deal is the latest in a string of takeovers of British companies by foreign firms that have taken advantage of the sharp fall in the sterling since Britain voted to leave the European Union. While this sale was likely in the works for a while and would have occurred regardless of the vegan backlash, it is convenient for both parties. Innovia gets to say "Sorry,
it's not our problem anymore", while CCL gets to say, "Hey, don't look at us, it wasn't our fault." -Editor
To read the complete article, see: To read the earlier E-Sylum articles, see: MORE ON ANIMAL FAT IN THE POLYMER BANKNOTES (www.coinbooks.org/esylum_v19n50a34.html) THE BOOK BAZARREWayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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