Canadian private equity firm Onex Corporation announced Monday it will acquire SIG Combibloc Group AG—the world’s second largest provider of aseptic carton packaging—for $4.66 billion.
Based in Switzerland, SIG provides beverage and food producers with a variety of aseptic carton sleeves and closures, as well as the filling machines that producers and packagers use with these sleeves. According to Onex, SIG operates seven production facilities based out of Europe, South America and Asia Pacific and employs approximately 5,200 people.