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Article | December 13, 2012
Coesia closes acquisition of Oystar North America, renames it R.A. Jones & Co.
Following the agreement signed and announced on October 26, 2012, Coesia Group has announced the finalization of the acquisition of Oystar North America, renaming it R.A. Jones & Co.
R.A. Jones & Co.’s heritage traces back to two pioneers in US packaging machinery, R.A. Jones & Co. founded in 1905 in Covington, KY and KartridgPak/Packaging Technologies, founded in 1946 in Chicago, IL. R.A Jones & Co. has revenues of over USD 200 million (approx. Euro 160 million), two US-based sites in Davenport, IA and Covington, KY, over 550 employees and more than 70 patents worldwide. R.A. Jones & Co. is a leading North American 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). Barry Shoulders will continue as the CEO of the newly-acquired company, which has grown to become one of the largest suppliers of packaging machinery and services in the United States, Canada and Mexico.“The acquisition of R.A. Jones & Co. transforms Coesia into one of the leading North American packaging machinery companies with over USD 400 million of North American revenues, four US production facilities, pervasive sales and technical service network and over 800 US-based staff,” said Angelos Papadimitriou, Chief Executive Officer of Coesia Group. With forecast 2012 revenues (pre-acquisition) of Euro 1.2 billion (approx. USD 1.5 billion) and 5000 employees, Coesia is a group of innovation-based industrial solutions companies operating globally, headquartered in Bologna, Italy and fully owned by Isabella Seràgnoli. The Group’s companies are leaders in the sectors of Advanced Automated Machinery, Industrial Process Solutions (production logistics, inline printing and vision inspection systems) and Precision Gears. Coesia’s customers are in Health & Beauty, Consumer Goods, Tobacco and Aerospace & Racing industries. Coesia Group consists of thirteen companies, headquartered in seven different nations and present in 27 countries with 50 manufacturing sites: G.D, SASIB, ACMAVOLPAK, R.A JONES, GDM, NORDEN, CITUS/KALIX, FLEXLINK, ADMV, SACMO, HAPA, LAETUS, CIMA.
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