The acquisition of Innovia Security and Banknote Corporation of America makes CCL Secure a powerful new player in the global high-security printing industry.
One of Canada’s quiet achievers, CCL Industries, has moved into the high-security printing industry with two deft acquisitions — Banknote Corporation of America (BCA) in 2016 and Innovia Security (IS) in 2017 — that were merged to create CCL Secure, a new business within CCL Industries’ growing portfolio.
CCL Secure, which is headed by Vice President and Managing Director Bernhard Imbach, is already transforming its global reach thanks to CCL Industries’ global presence. Both parts of this newly formed business will continue their specialist focus, with the singular focus and expertise in developing polymer banknote technology remaining in the Australia, Mexico and UK operations.
“The business continues its drive toward creating business centres of excellence, and I am pleased with the quality management system we now have in place. Customers are signalling to us that they are experiencing a positive difference in our approach,” said Mr Imbach.
At the Greensboro plant in North Carolina, the passport components, document security, and postage stamp business is looking to grow its sales and will focus on growing into new markets. Banknote Corporation of America currently serves the US market and, like the polymer banknotes business, has plans to expand its business by leveraging CCL Industries’ commercial footprint.
“Being part of CCL also means we have a significantly greater presence in markets around the world that can assist us to win new business in markets where we previously had no presence.”
CCL Secure will be exhibiting at the Anti-Counterfeit & Currency Expo (ACCE), taking place November 6-8, 2018 in Las Vegas, Nevada, USA.
Showcase your products and services in front of 2,000 qualified currency and secure document professionals. To find out more about ACCE, get in touch with a member of our team today.