Italy Invests in the US: Italy’s Coesia Group Acquires Oystar North America
Posted by Machines Italia | 31 Oct 2012
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Italy's Coesia Group has signed an agreement for the acquisition of 100% of Oystar North America, Inc. from Oystar Group, subject to customary antitrust approvals.
Oystar NA has revenues of over USD 200 million (approx. Euro 160 million), two U.S. based sites in Davenport, Iowa and Covington, Kentucky over 550 employees and more than 70 patents worldwide. Oystar NA is the leading North America player in Food and Consumer Goods packaging machinery, through 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's heritage traces 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. “We are very pleased that Oystar North America and its strong management team are joining the Coesia Group, setting the standard for customer-centric packaging solutions in North American Food and Consumer Goods sectors. We intend to continue to support Oystar NA’s investment in innovation and help accelerate its international presence and its expansion in new segments.
