SIG to acquire Scholle IPN to broaden leadership in sustainable packaging systems and solutions

03 Feb 2022
SIG
www.sig.biz/en/media/press-releases/sig-to-acqui...

SIG has entered into an agreement to acquire 100% of Scholle IPN, a privately held company, for an enterprise value of €1.362 billion and an equity value of €1.05 billion. The transaction will be funded through 33.75 million SIG shares issued from existing authorised capital and €370 million cash; the existing debt of Scholle IPN will be refinanced at closing. The transaction is expected to close before the end of the third quarter of 2022 subject to customary closing conditions.

This acquisition diversifies SIG’s exposure to growing and resilient end-markets. SIG’s portfolio of market-leading sustainable food and beverage carton solutions will be expanded into bag-in-box and spouted pouches for retail, institutional and industrial customers. SIG and Scholle IPN have many similarities and are highly complementary businesses in terms of systems and product offering. The combination will unlock significant growth opportunities and value.

Founded in 1945, Scholle IPN is a leading innovator in sustainable packaging with a systems offering. It is the inventor of and global leader in bag-in-box (2l –1,500l capacity) and the number two in spouted pouches (50ml – 500ml capacity). The acquisition will therefore expand SIG’s portfolio into both larger and smaller formats. Scholle IPN is headquartered in the USA and has approximately 2,100 employees globally. Revenue in the twelve months to 31 December 2021 was €474 million with adjusted EBITDA of €90 million (adjusted EBITDA margin c.19%). The USA accounts for around 55% of revenue and the acquisition will significantly increase SIG’s presence in this large and attractive market. It will also enable the expansion of the Scholle IPN portfolio into the emerging markets of Asia Pacific, Latin America and Middle East Africa, where SIG has a well-established presence.

The full press release can be read on the website.

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Jo Webb
Company News
English
Created 03 Feb 2022
Modified 03 Feb 2022
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SIG to acquire Scholle IPN to broaden leadership in sustainable packaging systems and solutions

See also

SIG carton packaging modernizes the conventional ambient vegetable aisle in the Netherlands

Solarec and SIG forge strong new partnership

Terra Alegre first globally to introduce tethered SIG MaxxCap Linked on SIG’s carton packs

Flexibility and speed taken to next level with introduction of SIG Digital Printing for aseptic carton packs

Maspex first to introduce domeTwist closure with tethered cap for SIG's carton bottle combidome

OSM Łowicz boosts sustainability credentials with SIG’s combibloc ECOPLUS packaging material – World's first use in cream category

SIGNATURE EVO from SIG wins Gulf Sustainability Awards for “Best Sustainable Product”

SIG completes the acquisition of Evergreen Asia

Mexico: SIG wins the “Envase Estelar” 2022 for combifitMidi

SIG announces SIGNATURE EVO, the world’s first full barrier aluminium-free aseptic carton solutions

Start-up Tiptoh partners with SIG and Olympia Dairy to launch first pea protein beverages in Belgium

SIG invests €12 million in new European tech center

Nestlé Vietnam opts for SIG’s “One Cap, One Code” solution to engage with Gen Z consumers

SIG and Framptons bring stand out packaging innovation to the plant-based beverage market

SIG puts a cap on product waste

SIG's unique on-the-go combismile carton pack enters french market with new Volvic fruity flavoured ranges

First commercial launch for SIG’s Paper U-straw for aseptic cartons

SIG sustainable straws

Health in your hands

Start-up GROUNDED has partnered with SIG to launch innovative plant-based protein shakes

Single-minded consumers

Good things come in small packagesOOD THINGS COME IN SMALL PACKAGES

nutpods launches new oat creamers in combidome packaging from SIG

Introducing an innovative lifestyle pack ready to conquer Europe’s on-the-go market

SIG's SIGNATURE PACK wins French packaging award

Recycling: How cartons compare

How cartons are recycled

Connect to nature: Closing the loop on packaging

Maple Hill partners with SIG to make grass-fed organic milk available on-the-go

Connect to nature: Making supply chains sustainable

SIG set for growth with new state-of-the-art production plant in China

Beverage cartons made with ASI-certified aluminium

Beverage cartons made with ASI-certified aluminium

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