3M divests half of equity stake in Combi Packaging Systems to SIAT Group

USA – 3M, the American conglomerate, has recently divested its 50% equity stake in Ohio-based Combi Packaging Systems to SIAT Group, a leading provider of case-taping technology. The transaction details remain undisclosed.

Combi boasts a diverse product lineup encompassing case erectors, tray formers, case sealers, case packers, robotic packaging systems, and hand-packing stations.

Its clientele spans various sectors, offering tailored packaging solutions for industries such as dairy, egg, e-commerce, beverages, industrial chemicals, household consumer products, and personal care.

Specifically, Combi specializes in crafting customized packaging for the beverage and industrial chemicals sectors.

Moreover, it excels in providing packaging equipment for flexible household consumer goods and personal care industries. Notably, the company manages services and warehousing for the 3M-Matic Case Sealing equipment brand, primarily catering to North American markets.

Despite the divestiture of its stake, 3M remains committed to marketing and selling its 3M-Matic products, retaining ownership of the brand, technological innovations, and product portfolio. These renowned items will continue to be available through authorized global channels.

3M’s industrial packaging division, drawing from over 50 years of expertise in case-sealing technology, will focus on pioneering advanced packaging solutions that meet the evolving needs of customers.

Meanwhile, SIAT specializes in producing and supplying secondary packaging systems, along with machinery and materials for strapping, wrapping, and box sealing. Its diverse client base spans industries such as e-commerce, food production, distribution, and logistics.

Meanwhile, in July, 3M greed to a payout of up to US$10.3 billion to provide public funding for water supplies contaminated with PFAS.

The conglomerate agreed to the settlement following numerous lawsuits but denies any liability and pledges to defend itself against continuing litigation.

The payout will be spread over 13 years, and 3M has pledged to end all use of PFAS by 2025. But the company denies accusations that it knew of the dangers posed by PFAS to the environment and human health since it began using the chemicals over 20 years ago.

Lawsuits held against 3M accuse the corporation of spreading PFAS through packaging and F&B products, as well as personal care products like toilet paper and dental floss. This has poisoned public water supplies and posed an increased threat to US citizens.

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