Onex Corporation recently announced it has agreed to acquire SIG Combibloc Group AG (“SIG”) for up to EUR 3.75 billion ($4.66 billion). EUR 3.575 billion ($4.44 billion) will be paid at the closing of the transaction, with an additional amount of up to EUR175 million ($217 million) payable based on the financial performance of SIG in 2015 and 2016.
The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.
SIG is the second largest provider of aseptic carton packaging globally. Based in Switzerland, SIG provides beverage and food producers with a comprehensive product portfolio of aseptic carton sleeves and closures, as well as the filling machines that producers and packagers use with these sleeves. The company operates seven production facilities globally, based out of Europe, South America and Asia Pacific.
SIG has 5,200 employees serving a mix of leading multinational and regional customers in more than 40 countries worldwide.
