Online features
- Home page
- Products
- Technology
- Environment
- Profiles
- Corporate
- Investment
- Events
- People
- Countries
- Agenda
- Analysis
- Blog
Latest magazine
Corporate
Oystar Packaging announces acquisition
OYSTAR Packaging Technologies based in Davenport, Iowa (USA) is announcing the acquisition of MAP Systems, a division of Clear Lam Packaging, Inc. in Illinois (USA). This includes the equipment and customer base of MAP Systems, as well as all intellectual property rights, usage rights, copyrights and patents associated with its technologies. OYSTAR Packaging Technologies is a subsidiary of OYSTAR. The Process & Packaging Group headquartered in Germany, which was formerly the packaging machinery division of IWKA AG.
”The acquisition of MAP Systems is a further step in the double strategy of OYSTAR Holding of pursuing both internal and external growth. Its modified-atmosphere packaging technology also ideally supplements our portfolio of solutions,” stated Wolf-Dieter Baumann, CEO of OYSTAR Holding.
The merging of OYSTAR Packaging Technologies and MAP Systems creates a primary packaging solutions provider specializing in packaging line integration. The patented technology of MAP Systems (MAP = modified atmosphere packaging) is based on introducing very specific, nonharmful streams of inert or active gases into the product and its primary package. The further-developed, patented from MAP Systems is far superior to conventional methods. It is primarily used with food packages such as cans, jars, bottles, vials, pouches, bags, trays, etc. The objective is to maintain freshness and extend the products’ shelf life beyond the levels that are attainable with conventional packaging methods. This can provide the processor with a significant ROI, allowing it to expand its distribution and win a greater market share.
“Modified atmosphere packaging is not new in the industry. However, the emphasis on longer shelf life has spread to a variety of products in an effort to eliminate food additives,” said Barry Shoulders, President & CEO of Packaging Technologies. “Our strategy has been and will be to offer primary packaging equipment that adds value for our customer’s products. Increased shelf life, regional distribution and less food additives are all essential in today’s competitive marketplace.”
