Sector News

SIG acquires packaging solutions company Scholle IPN

February 4, 2022
Energy & Chemical Value Chain

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.

By Lauren Ford

Source: foodbev.com

comments closed

Related News

March 24, 2024

Thomas Gangl leaves Borealis

Energy & Chemical Value Chain

Appointed Borealis CEO in 2021, Thomas has led key initiatives including the sale of the nitrogen business, acquisitions of Rialti Spa and Integra Plastics AD, and Borouge’s IPO. He also made the final investment decision for the Borouge 4 plant, set to be the world’s largest polyolefin complex.

March 24, 2024

Chemours names Dignam permanent CEO

Energy & Chemical Value Chain

The Chemours Co. today named interim CEO Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately. Dignam has been interim CEO since late February, when former CEO Mark Newman was placed on leave due to an internal investigation.

March 24, 2024

Neste merges three business lines into new Renewable Products unit

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland) has completed its organizational change process, announced on 1 November 2023. Neste informed that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.

How can we help you?

We're easy to reach