Coesia Group acquires Oystar North America unit

31 October 2012


Packaging machinery manufacturer Oystar has signed an agreement with Italy-headquartered industrial group Coesia for its 100% acquisition of Oystar North America, subject to customary antitrust approvals.

The Oystar North America business unit was formed in January 2011, bringing together three existing entities: Oystar USA, a New Jersey-based sales operation representing packaging machinery brands manufactured in Europe; packaging equipment manufacturers Oystar Packaging Technologies of Davenport, Iowa; and Oystar Jones, Covington, Kentucky.

Germany-based Oystar Group says Oystar NA is the “leading player” in food and consumer goods packaging machinery in North America.

With its seven brands – Jones (pouch filling and cartoning), KartridgPak (chub packaging), Autoprod and Holmatic (cup filling and sealing), Aerofill (aerosol machinery), Dawson (bottle filling) and MAP Systems (patented solutions for improving product shelf life) – Oystar NA traces its heritage back to two pioneers in US packaging machinery: R.A. Jones & Co. founded in 1905 in Covington, Kentucky; and Kartridg Pak / Packaging Technologies, founded in 1946 in Chicago, Illinois.

Oystar NA will continue to be led by Barry Shoulders, previously president at Oystar Packaging Technologies.

“The same people our customers have worked with all the way back to the days of Packaging Technologies and R.A. Jones will continue to provide excellent and uninterrupted service as we take advantage of the expanded opportunities now available to us as part of the Coesia Group,” says Shoulders.

“Coesia’s technological strength and extensive global footprint will make us even stronger as we continue to bring the best solutions to our customers.”

Coesia Group CEO Angelos Papadimitriou adds: “Oystar NA’s powerful US service and support platform should also provide immediate benefits for Coesia’s existing companies and their North American customers.”

With forecast 2012 revenues (pre-acquisition) of €1.2 billion and 5000 employees, the Coesia Group of companies are leaders in the sectors of advanced automated machinery, industrial process solutions (production logistics, inline printing and vision inspection systems) and precision gears, with customers in the health & beauty, consumer goods, tobacco and aerospace & racing industries.




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