Italy Invests in the US: Italy’s Coesia Group Acquires Oystar North America
Posted by Machines Italia | 31 Oct 2012
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Oystar NA powerful US service and support platform should also provide immediate benefits for Coesia’s existing companies and their North American customers”, said Angelos Papadimitriou, Chief Executive Officer of Coesia Group. Barry Shoulders, will continue to lead the newly acquired company, which has grown to become one of the largest suppliers of primary, secondary and tertiary packaging machinery and services in the United States, Canada and Mexico. Barry Shoulders comments: “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.
Coesia’s technological strength and extensive global footprint will make us even stronger as we continue to bring the best solutions to our customers”. With forecast 2012 revenues (pre-acquisition) of Euro 1.2 billion (approx. USD 1.5 billion) and 5000 employees, Coesia is a Group of innovation-based industrial solutions companies operating globally, headquartered in Bologna, Italy and fully owned by Isabella Seràgnoli. The Group’s companies are leaders in the sectors of Advanced Automated Machinery, Industrial Process Solutions (production logistics, inline printing and vision inspection systems) and Precision Gears. Coesia’s customers are the leading players in Health & Beauty, Consumer Goods, Tobacco and Aerospace & Racing industries.
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