- March 04, 2013
WIGTON, ENGLAND | Innovia Group reports the successful acquisition of the Reserve Bank of Australia’s shareholding in Securency International and is now sole owner of the company. Securency International will be renamed Innovia Security Pty Ltd. in Australia and Innovia Security S.A. de C.V. in Mexico). Innovia Security will continue its operations led by the existing management team. As managing director of Innovia Security, Philippe Etienne will report directly to David Beeby as CEO of Innovia Group.
Innovia Films, the existing major business within the Group, manufactures and exclusively supplies Clarity C film to Innovia Security as a key material in the creation of the Guardian banknote substrate.
“Innovia has been a part-owner of Securency International for 15 years and we have seen this innovative and exciting business create tremendous changes in the banknote market,” says Beeby. “Now as the full owner, we will work closely with the Innovia Security team over the coming months to understand how we as an organization can best support the business as it pursues the growth of Guardian in economies throughout the world.”