Coesia acquires packaging machinery company, Oystar North America
By Coesia Group
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 (approximately Euro 160 million), two U.S.-based sites in Davenport, Iowa, and Covington, Ky., 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, Ky., and Kartridg Pak / Packaging Technologies, founded in 1946 in Chicago, Ill.