UK film manufacturer The Innovia Group has agreed to sell its Cellophane business and assets to Futamura Chemicals, a Japanese manufacturer of plastics and cellulose films, principally serving the food packaging industry.
Films manufacturer Transilwrap has signed a letter of intent to acquire The Dow Chemical Company’s global specialty films business in order to support accelerated growth and global expansion in its strategic market segments, including healthcare and packaging.
Converter Innovia Group has secured a technology partnership with Swedish high-tech business Rolling Optics, which will see the latter's 3D micro-optical designs and effects applied to Innovia Films' Rayoface BOPP films to provide anti-counterfeiting protection for premium goods industries.
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