SIG meaning in Business ?

Answer: What is Schweizerische Industrie Gesellschaft mean?

Known by its initials, SIG, SIG Combibloc Group AG was previously known as SIG Holding AG, and was originally founded as Schweizerische Industrie Gesellschaft (German for Swiss Industrial Company; in French, as Société Industrielle Suisse; and, in Italian, as Societa Industriale Svizzera). SIG Combibloc Group AG has been active in various businesses during its more than 170 years of operation. Since 2000, the company has undergone strategic refocus, selling the SIG Sauer branch to L & O Holdings, and focusing on its packaging operations, SIG Pack and SIG Beverages, then, solely, on its SIG Combibloc aseptic carton infrastructure and packaging division.

In 2007, SIG Holding AG was acquired by Rank Group Limited, the private investment company of New Zealand businessman Graeme Hart, and operated under its subsidiary, Reynolds Group Holdings Ltd., which, in March 2015, announced completion of its sale of SIG to ONEX Corporation of Canada. In 2018, SIG Combibloc secured a $1.101 billion loan, with Barclays Bank acting as the administrative agent on the transaction.

The SIG Combibloc Group shares are listed on SIX Swiss Exchange and it is a component of the SMI MID index.

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