©Scholle IPN
SIG Combibloc has entered into an agreement to acquire packaging solutions company, Scholle IPN, for an enterprise value of €1.36 billion.
US company Scholle IPN produces and distributes packaging systems and solutions for liquids, such as bag-in-box packaging and spouted pouches. The business currently has an estimated 2,100 employees globally.
The deal will expand Scholle IPN’s portfolio into the Asia Pacific, Latin America, Middle East and Africa markets – where SIG has a well-established presence.
The acquisition will enable SIG to build on its capabilities in aseptic technology and expand its use in both pouches and bag-in-box. The combined company will employ almost 8,000 people in 69 sales and manufacturing sites across the globe.
The partnership will also strengthen the research and development capabilities of the two companies.
Samuel Sigrist, CEO of SIG, said: “The acquisition of Scholle IPN cements SIG’s position as a global leader in innovative and sustainable packaging for food and beverages. It is consistent with our strategy of geographic and category expansion accompanied by share gains in key markets. By delivering clear benefits for customers, consumers and the environment, we will drive value for shareholders.”
The transaction is expected to close in the third quarter of this year, subject to customary closing conditions.
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.