Bdquofor oystar as an international group, it was questionable whether running our own production site for pharmaceutical packaging solutions in brazil would be an asset in the long run&ldquo, said tom graf, ceo of oystar group. &ldquowhen the chance for an excellent deal opened up, the sale was an easy decision.&rdquo oystar will concentrate its bagging machine manufacturing in north america and india. &ldquothe oystar group remains committed to the pharmaceutical industry and the brazilian market&rdquo, underlined graf. &ldquobut our emphasis will be on markets with strong growth potential for our primary and secondary packaging solutions.&rdquo the new owner is brazilian packaging machine manufacturer masipack who is strengthening its domestic market position with the purchase. &bdquowith masipack we have found an ideal buyer&rdquo, said graf. &ldquothe company is experienced and committed to the industry and has a particularly good track record with bagging machines.&rdquo masipack acquires all fabrima assets as well as taking over all of the 170 employees. Having more than tripled its operating results in 2010 in comparison with the preceeding year, oystar is looking to maintain its momentum in 2011. Current order intakes as well as the favourable economic climate indicate that this positive trend will continue. About oystar group oystar &ndash the process & packaging group is one of the world&rsquos leading suppliers of packaging machinery, technology and services. Oystar has extensive process knowhow in the key industries of dairy products, food and consumer, as well as pharmaceuticals and cosmetics. Based in stutensee near karlsruhe, germany, the holding company currently represents 13 manufacturing companies as well as numerous sales and service companies. At present oystar holding employs a workforce of approximately 2,100 worldwide and generated a total of eur 420 million in sales in 2010. Press contact sebastian glasermöller prtelefon 49 0221 80 10 8780email sg@moellerpr.de www.moellerpr.de
