Packaging maker SIG Combibloc (Neuhausen / Switzerland; www.sig.biz) announced plans for a EUR 1 bn initial public offering on Switzerland’s SIX Swiss Exchange in the “coming months.” The proceeds will be used to cut debts.

Private equity firm Onex (Toronto, Ontario / Canada; www.onex.com) is likely to retain at least a 50% stake in SIG. The Onex group and SIG’s management team own 100% of the company, which was bought in March 2015 for EUR 3.75 bn – see Plasteurope.com of 26.11.2014.

In the 12 months to 30 June 2018, SIG’s revenue totalled EUR 1.67 bn and adjusted EBITDA was EUR 480m. Last year, it held 21% of market share in terms of aseptic carton packaging volumes in key markets.