Neuhausen am Rheinfall

Onex Partners Announces Secondary Sale of SIG Combibloc

Retrieved on: 
Tuesday, December 1, 2020
Companies of Canada, Companies, Neuhausen am Rheinfall, SIG Combibloc Group, Onex Corporation, Onex, Sig, Economy of Canada

TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) and its affiliated funds (the Onex Group) today announced they sold their remaining approximately 32.3 million shares of SIG Combibloc Group (SIG) (SIX: SIGN), a leading systems and solutions provider for aseptic carton packaging.

Key Points: 
  • TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) and its affiliated funds (the Onex Group) today announced they sold their remaining approximately 32.3 million shares of SIG Combibloc Group (SIG) (SIX: SIGN), a leading systems and solutions provider for aseptic carton packaging.
  • After this sale, the Onex Group will cease to hold any shares of SIG.
  • Nigel Wright, Senior Managing Director of Onex Partners, commented, With this sale we have exited our investment in SIG Combibloc.
  • At the transaction price of CHF 20.35 per share, gross proceeds to the Onex Group will be approximately $725 million, of which Onex share will be approximately $225 million as a Limited Partner in Onex Partners IV and as a co-investor.

The Global Aseptic Packaging is accounted for $37.52 billion in 2017 and is expected to reach $102.49 billion by 2026 growing at a CAGR of 11.8% during the forecast period

Retrieved on: 
Wednesday, September 5, 2018
Packaging, Economy, Freight transport, Product management, Neuhausen am Rheinfall, Onex Corporation, SIG Combibloc Group AG, Aseptic processing, Low-density polyethylene, Bag-in-box, Asepsis

NEW YORK, Sept. 5, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Aseptic Packaging is accounted for $37.52 billion in 2017 and is expected to reach $102.49 billion by 2026 growing at a CAGR of 11.8% during the forecast period.

Key Points: 
  • NEW YORK, Sept. 5, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Aseptic Packaging is accounted for $37.52 billion in 2017 and is expected to reach $102.49 billion by 2026 growing at a CAGR of 11.8% during the forecast period.
  • However, complexity of the manufacturing process and high initial investment cost are hampering the market growth.
  • Aseptic packaging is the last step in aseptic food processing, in which food products are continuously sterilized, ensuring that no microorganisms which cause either food decay or food poisoning are present.
  • Some of the key players profiled in the Aseptic Packaging Market include SIG Combibloc Group AG, Robert Bosch GmbH, E.I.