Oystar Group has announced the sale of its subsidiary, IWK Verpackungstechnik GmbH, to Canadian company ATS Automation Tooling Systems Inc.
Oystar, the Germany-based provider of packaging machinery, technology and services, intends to increase its focus on its core dairy and food segments.
ATS Automation Tooling Systems, which sells automation solutions for various industries, says it is acquiring IWK Verpackungstechnik to expand its offering in the pharmaceuticals and cosmetics segments.
IWK Verpackungstechnik is said to be the international market leader in tube filling & sealing machines and cartoners for the pharmaceuticals and cosmetics industry.
“With ATS Automation Tooling Systems, we’ve found a buyer that’s extraordinarily well equipped to continue the successful development of IWK,” explains Oystar chief executive Markus Ehl.
“Within its portfolio, ATS can maintain the steady growth course IWK has been on and further promote its strategic alignment.”
The Oystar Group maintains a footprint in North America with its sales and service site Oystar USA in Edison, New Jersey.
The transfer of IWK Verpackungstechnik is subject to the approval of the antitrust authorities.
