# Reynolds Group agrees to sell SIG Combibloc to Onex for up to €3.75bn

Reynolds Group agreed to sell its SIG Combibloc carton packaging business to Onex Corporation for up to €3.75 billion, with €3.575 billion payable at closing and up to €175 million based on 2015 and 2016 performance. The deal was expected to close in the first quarter of 2015.

- Type: Acquisition
- Announced: 2017-10-30
- Value: $4.69B (3.75B EUR)
- Status: announced
- Products: carton packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Reynolds Group Holdings](https://endata.com/companies/232.md) (partner)
- [Onex Corporation](https://endata.com/companies/2293.md) (acquirer)
- [SIG Combibloc](https://endata.com/companies/2294.md) (target)

## Sources

- [presswire.com](https://presswire.com/release/reynolds-group-enters-definitive-agreement-sell-sig-combibloc-business/), 2017-10-30: "agreement to sell its SIG Combibloc business to Onex Corporation for an aggregate amount of up to €3.75 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.