OYSTAR Continues to Focus on Dairy and Food
The OYSTAR Group sold its subsidiary, IWK Verpackungstechnik GmbH, to the Canadian company ATS Automation Tooling Systems Inc. The transfer awaits the approval of the antitrust authorities. The OYSTAR Group intends to focus even more tightly on its Dairy and Food division.
Stutensee, 2 September 2013. “It’s our strategic goal at the OYSTAR Group to continue to grow where we’re strongest”, explained OYSTAR CEO Markus Ehl. “Consequently, we’re tightly focused on expanding our market position in the Dairy and Food segments.
The company we’ve sold off is IWK Verpackungstechnik GmbH, with its registered office in Stutensee, along with its own subsidiary in Thailand and the sales and service site OYSTAR IWK USA.” The OYSTAR Group maintains a footprint in North America with its sales and service site OYSTAR USA in Edison, New Jersey. This ensures that we can keep offering our US customers our entire Dairy and Food machinery portfolio.
IWK Verpackungstechnik is the international market leader in tube filling and sealing machines and cartoners for the pharmaceuticals and cosmetics industry. In terms of clientele and product range, the company is independent from the rest of the OYSTAR Group. “With ATS Automation Tooling Systems, we’ve found a buyer that’s extraordinarily well equipped to continue the successful development of IWK”, explains Markus Ehl. “Within its portfolio, ATS can maintain the steady growth course IWK has been on and further promote its strategic alignment.”
The Canadian company ATS Automation Tooling Systems Inc., with its registered office in Cambridge, Ontario, sells automation solutions for various industries. It is acquiring IWK Verpackungstechnik to expand its offering in the pharmaceuticals and cosmetics segment.
Since March 2007, the OYSTAR Group has been a part of the ODEWALD holding company. OYSTAR was realigned after the financial crisis in 2008 and has been growing ever since, again reporting significant sales and earnings gains in the 2012 financial year, when it had incoming orders of around € 280 million.