PR94354

NORTHLAKE, Ill., Feb. 2, 2022 /PRNewswire=KYODO JBN/ --

Scholle IPN, a top global supplier of flexible packaging solutions, announced

today that they have agreed to be acquired by SIG, a world-leading aseptic

carton packaging company.

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SIG, founded in 1853 and headquartered in Neuhausen, Switzerland, is a leading

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

unique technology and outstanding innovation capacity enable them 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 utilize 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. The team will service blue chip customers

on six continents. 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, said of 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.

Laurens Last, Chairman and owner of Scholle IPN, stated "I am excited about the

future of the combined business, and I look forward to our joint innovation,

with SIG further developing packaging substrates and solutions that are at the

forefront of sustainability." Mr. Last will be nominated for election to the

SIG Board of Directors at the company's Annual General Meeting on April 7,

2022.

Ross Bushnell, President and CEO of Scholle IPN, will continue to lead the

legacy Scholle IPN business and will join SIG's Group Executive Board upon

transaction close. Mr. Bushnell commented that "SIG and Scholle IPN are highly

complementary businesses in terms of market approach and the importance of

sustainability of our products. I believe that the combination of

entrepreneurial spirit, nimble market response, and shared R&D capabilities

will enable us to accelerate innovations for our customers and cement our

collective market leadership in sustainable packaging solutions – particularly

across aseptic and mono-material offerings which are key to packaging for the

circular economy."

The transaction is expected to close before the end of the third quarter of

2022 subject to customary closing conditions.

For more information, please visit www.scholleipn.com or https://www.sig.biz/en

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ABOUT SCHOLLE IPN

Scholle IPN is a global leader in total flexible packaging solutions like

barrier films, ergonomic fitments, and state-of-the-art filling and sealing

equipment for bag-in-box and pouches. With a total packaging solutions

approach, Scholle IPN can quickly design, manufacture, and deliver unique

solutions to customers who provide billions of servings of liquid products each

year to their consumers. www.scholleipn.com

SOURCE: Scholle IPN

Media Enquiries: Ryan Balock, Director, Global Marketing and Communications;

200 West North Avenue, Northlake, IL 60164, USA; Email:

ryan.balock@scholleipn.com