Swiss packaging technology firm SIG is expanding its British business as it pays SFr8 million ($4.7 million) for outright control of Rexam Combiblic.This content was published on February 21, 2002 - 11:33
SIG, which already controls a 30 per cent stake in Rexam Combibloc, announced on Thursday the acquisition of the entire shareholding of the beverage carton maker.
The group said in a statement that the take-over is in line with an on-going strategy to develop its British-based unit, SIG Combibloc.
SIG Combibloc has been active in the British beverage carton market since 1974.
Rexam Combibloc was until now a 70:30 joint venture between Rexam and SIG Combibloc.
SIG was founded in 1853 as a train car manufacturer. It now has 7,000 employees worldwide.
swissinfo with agencies
This article was automatically imported from our old content management system. If you see any display errors, please let us know: email@example.com