SIG was previously owned by Rank Group and the takeover is expected to be formally completed in the first quarter of 2015
Onex Corporation is a private equity investment firm. It is a publicly traded company controlled by its founder Gerry Schwartz, who serves as chairman and chief executive. Founded in 1984, Onex is headquartered in Toronto, Canada, with offices in New York and London.
Rolf Stangl, chief executive of SIG Combibloc Group, said: “Onex is a strong and committed capital partner to grant continuity in our successful business strategy. They match SIG ideally and will together with us further develop and grow the business on a long term basis. Just as in the past, focusing on our customers and delivering excellent quality and service, remains the unchanged top priority for SIG.”
Nigel Wright, managing director at Onex’s London office, added: “SIG’s management team has successfully proven its ability to enter and grow in new markets, while maintaining its standards of excellence in existing markets. We look forward to partnering with Rolf Stangl and his team to further build upon SIG’s impressive track record and continue its growth.”