Markus Huber
Author:
Markus Huber

Sigg: Chinese group bottles Swiss manufacturer

Swiss bottle manufacturer Sigg is in new hands at last. As expected, the Chinese corporation Zhejiang Haers Vacuum Containers Co., Ltd. has agreed to acquire the Frauenfeld-based company.

Prizewinner: This year, Sigg was honored with the German Design Award. The Swiss manufacturer of bottles and other equipment is now controlled by a large Chinese corporation.
Prizewinner: This year, Sigg was honored with the German Design Award. The Swiss manufacturer of bottles and other equipment is now controlled by a large Chinese corporation.

According to company sources, Haers is the world’s largest producer of stainless steel bottles and vacuum food containers. By taking over the Swiss manufacturer, the Chinese firm aims to enhance its global business.


The move to buy Sigg did not come as a surprise, though. Back in October 2015, Haers had indicated its intentions. Apparently, the Chinese negotiators managed to arrange a better deal. At the time, there was talk of 18 million Swiss francs (16.4 million euros). The purchase price was now set at 16.5 million francs (15.1 million euros).

Sigg, global market leader in reusable aluminium bottles, was bought by The Riverside Company in 2003.

Markus Huber
Author:
Markus Huber
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Markus Huber
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Markus Huber






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