New owner-partner to grant continuity in SIG's successful business strategy

Private Equity firm Onex to acquire SIG

Linnich, (PresseBox) - Private Equity firm Onex has agreed to acquire SIG Combibloc Group. On Sunday, November 23, 2014 the contract between the Rank Group and Onex Corporation was signed. The takeover is anticipated to formally close in the first quarter of 2015, subject to customary conditions and regulatory approvals.

Onex Corporation is a private equity investment firm. It is a publicly traded company controlled by its founder Gerry Schwartz, who serves as Chairman and CEO. Founded in 1984, Onex is headquartered in Toronto, Canada, with offices in New York and London.

"Onex is a strong and committed capital partner to grant continuity in our successful business strategy. They match SIG ideally and will together with us further develop and grow the business on a long term basis," says Rolf Stangl, CEO SIG Combibloc Group. "Just as in the past, focusing on our customers and delivering excellent quality and service, remains the unchanged top priority for SIG."

"SIG's management team has successfully proven its ability to enter and grow in new markets, while maintaining its standards of excellence in existing markets," said Nigel Wright, a managing Director in Onex' London office. "We look forward to partnering with Rolf Stangl and his team to further build upon SIG's impressive track record and continue its growth."

SIG Combibloc

SIG Combibloc is one of the world's leading system suppliers of carton packaging and filling machines for beverages and food. In 2013 the company achieved a turnover of 1,680 million Euro with around 5,100 employees in 40 countries.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.

I want to subscribe to the gratis press mail and have read and accepted the conditions.