The terms of the deal were not disclosed. Credit: Summit Art Creations via Shutterstock.

H.I.G. Capital portfolio company SIAT Group has bought a 50% stake in US-based Combi Packaging Systems from 3M.

The terms of the deal have not been disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Combi’s product portfolio consists of case erectors, tray formers, case sealers, case packers, robotic packaging systems, and hand-packing stations.

It supplies packaging solutions to various industries, including packaging machines for the dairy and egg industries and packaging solutions and equipment for e-commerce companies.

The company provides customised packaging for the beverage and industrial chemicals industry, as well as packaging equipment for flexible household consumer products and personal care industries.

Combi also handles services and warehousing for the 3M-Matic Case Sealing equipment brand, mainly in North America.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

3M will continue to offer its 3M-Matic products in conjunction with the sale and will retain ownership of the 3M-Matic brand, technologies, and product portfolio. The products will continue to be sold through approved channels across the world.

The industrial packaging division of 3M will leverage more than 50 years of experience in case-sealing technology to develop advanced packaging solutions that cater to the changing requirements of customers.

Siat is involved in the production and supply of secondary packaging systems, as well as machines and materials for strapping, wrapping, and box sealing.

The company serves a wide range of customers across industries, including e-commerce, food production, distribution, and logistics.