Canadian company, CCL Industries, has completed the purchase of Wigton-based firm Innovia Group of Companies (Innovia) for the total of £694million (1.14billion Canadian dollars).
The acquisition was first announced in December.
We are extremely pleased to welcome the employees of the Innovia Group of companies to the CCL family.
Innovia employs 1,200 people globally and more than 600 at Wigton, where it manufactures the polypropylene film for used in the new £5 bank note.
CCL Industries employs more than 20,000 people in 35 countries.
The firm that makes the new plastic £5 note has been bought by a Canadian packaging company for £680 million.Read the full story ›
A new plastic £5 note featuring Sir Winston Churchill will begin to appear in people's wallets after going into circulation next weekRead the full story ›
A factory in Wigton has opened a brand new facility in order to create the substrate polymer that will be used on £10 banknotesRead the full story ›
One of north Cumbria's largest employers has announced an investment of £20 million for an extension to their Wigton based plant.
Innovia Films, which is part of the Innovia Group, is using the money to expand their capacity for BOPP films and a ‘state-of-the-art’ gas turbine.
The gas turbine is expected to improve the company's energy efficiency, and will reduce the carbon footprint at the Wigton site by 20%.
Mr David Beeby, who is the CEO of Innovia Group, said:
“This is very exciting news and another step forward in developing our company and supports our ongoing commitment to customer service, innovation and growth.”
Work will begin immediately and the new capacity is due to be fully commissioned by 2015.
A Cumbrian firm is taking part in a challenge highlighting the importance of apprenticeships.
A group of apprentices from Innovia Films in Wigton has been sprucing up a centre in the town used by people with learning disabilities.
As part of the Brathay Apprenticeship Challenge, the company are hoping to encourage more young people to consider apprenticeships as an alternative to further education.
Engineers and electricians have been working to improve the facilities at the Chrysalis Centre.
Greig Hill from Innovia films and Kay Elliot-Irwin from Chrysalis explain the benefits of apprenticeships: