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 $200 million, two U.S. based sites in Davenport, IA and Covington, KY, more than 550 employees and more than 70 patents worldwide. Oystar NA is considered to be the leading North America player in the 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 U.S. packaging machinery, R.A. Jones & Co. founded in 1905 in Covington and Kartridg Pak/Packaging Technologies, founded in 1946 in Chicago.

“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. 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.

Coesia’s customers are the leading players in the Health & Beauty, Consumer Goods, Tobacco and Aerospace & Racing industries.