Tuesday, December 20, 2016

Canadian packaging firm buys up £5 note supplier

CCL inherits tricky task of ridding polymer notes of animal fat after spending £680m on Innovia

The company behind controversial £5 notes found to contain animal fat has been sold in a deal worth C$1.13bn (£680m).

Canadian labelling and packaging firm CCL will buy UK-based Innovia, which supplies the Bank of England with the plastic notes. The £5 note triggered outrage among vegetarians and vegans after the Bank admitted they contain tallow.

Related: Bank of England urged to make new £5 note vegan-friendly

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from Mergers and acquisitions | The Guardian http://ift.tt/2i4rWo5

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