TAGS: Sustainability and Bioplastics
SIG announces the successful completion of its acquisition of Scholle IPN. The business has been fully consolidated from 1 June 2022.
SIG announced on 1 February 2022 that it had entered into an agreement to acquire 100% of Scholle IPN.
Packaging Systems for Food and Beverages
Scholle IPN is an innovator of sustainable packaging systems and solutions for food and beverages, with retail, institutional and industrial customers.
It is a well-known name in bag-in-box and in spouted pouches. In the twelve months ended 31 December 2021, Scholle IPN generated revenue of approximately €474 million and adjusted EBITDA of approximately €90 million.
The strategic fit in terms of portfolio, geographies, categories, and technologies offers exciting opportunities for customers, employees and shareholders. The combined group will be able to develop the business to new levels, using the joint know-how to grow and innovate faster, while advancing its leadership in sustainable packaging systems.
With this acquisition, SIG will be able to offer the most sustainable low-carbon packaging solutions across a wide range of categories and product sizes.
Samuel Sigrist, chief executive officer of SIG, said, “
We are delighted to welcome Scholle IPN to the SIG family. Together, we are looking forward to pursuing additional growth opportunities and developing exciting innovations for the food and beverage industry in sustainable barrier technologies and high-speed aseptic filling.”
Source: SIG
