Pursuits
U.K.'s Plastic Banknotes Lead Supplier Innovia to Ink Deal
- Innovia agrees to buy Australian ink, toner-maker Barroven
- Plastic U.K. five-pound notes to circulate in September
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Innovia Group, the supplier of polymers used to make the U.K.’s first plastic banknotes, plans to buy an Australian maker of secure inks as central banks increasingly opt to replace paper currency.
The private equity-owned company has agreed to take over Barroven, a firm based in Sydney that makes colored inks and toners, Chief Executive Officer Mark Robertshaw said in an interview. He declined to give financial terms.