All amounts in U.S. dollars unless otherwise stated
Onex Corporation ("Onex") (TSX: OCX) today announced that it has completed the acquisition of SGS International, Inc. ("SGS"), a global leader in design-to-print graphic services to the consumer products packaging industry, for $813 million.
Onex Partners III invested $260 million, of which Onex' share was $66 million as a limited partner in the Fund. Including this transaction and the recently announced acquisition of KraussMaffei, the Fund will be approximately 60% invested.
"We're delighted to be working with the SGS team to build on the company's market leadership position," said David Mansell, an Onex Managing Director. "SGS has tremendous growth potential through international expansion, complementary services and add-on acquisitions."
Based in Louisville, Kentucky, SGS is a vertically-integrated provider of packaging graphic services to branded consumer products companies, retailers and the printers that service them. SGS provides critical services that ensure customers are able to obtain or produce consistent, high-quality packaging materials, often on short turnaround times. The company has over 2,400 employees spanning a network of 38 production facilities and more than 100 on-site customer locations across 17 countries.