SIG to acquire bag-in-box, spouted-pouch converting giant Scholle IPN
February 9, 2022Northlake, IL-based Scholle IPN, a leading global supplier of flexible-packaging solutions, says it has agreed to be acquired by SIG, a world-leading aseptic-carton packaging converting company. The transaction is expected to close before the end of Q3 2022.
SIG, founded in 1853 and headquartered in Neuhausen, Switzerland, is a systems and solutions provider for aseptic-carton packaging. They work in partnership with their customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. SIG’s technology and innovation enable it to provide their customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to SIG as they use their “Way Beyond Good” approach to create a net-positive food-packaging system.
Once combined, the new company will employ nearly 8,000 people in 69 sales and manufacturing sites across the globe. Their shared technology and R&D capabilities in renewable paper substrates, film extrusion, injection molding, and filling equipment are backed by an Industry 4.0 manufacturing mindset and a drive to become the leading sustainable packaging partner on Earth.
Samuel Sigrist, CEO of SIG, says of the combination of businesses, “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 combination of SIG and Scholle IPN expands their collective exposure to growing and resilient end-markets. SIG’s portfolio of market-leading sustainable food and beverage carton solutions will be expanded to include Scholle IPN’s bag-in-box and spouted-pouches for retail, institutional, and industrial customers.
