Oystar Packaging Technologies is boosting its stake in modified-atmosphere packaging machinery through the acquisition of the MAP Systems Equipment Division of Clear Lam Packaging Inc.
The sale was finalized Feb. 29 for an undisclosed amount.
Oystar, based in Davenport, Iowa, sees exciting promise for modified-atmospheric packaging, said the company's president, Barry Shoulders.
``There is a trend to remove additives to go green [in food packaging],'' Shoulders said in a recent telephone interview. ``This is good for modified-atmosphere packaging.''
Modified-atmosphere packaging is not a new area for Oystar, according to Shoulders. The company has been buying components from MAP Systems and incorporating them into its own machinery for packaging meat, coffee and other goods that need protection from oxygen.
Food companies continue to move away from metal and glass, to the benefit of MAP plastics technologies, Shoulders said.
Oystar is a packaging machinery manufacturer and a subsidiary of Oystar Holding GmbH of Stutensee, Germany. The parent firm employs about 2,700 and has annual sales of about 450 million euros ($684.5 million).
The Davenport subsidiary designs and makes packaging, processing and filling machinery for markets that include meat, dairy, processed foods, cosmetics, pharmaceuticals and explosives.
For Clear Lam, based in Elk Grove, Ill., the deal marks its exit from MAP.
``This strategic divestiture will enhance Clear Lam's ability to continue to support its rapidly growing core businesses,'' said Clear Lam President and Chief Executive Officer James Sanfilippo.
Those core businesses include thermoformed containers, flexible films and rigid roll stock, he said.
The deal includes Clear Lam inventory, according to Sanfilippo. Oystar will continue to support the acquired business's customers.
Clear Lam has annual sales of about $170 million. The company recently opened two major packaging plants in Nanjing, China.
The firm employs more than 600 at three U.S. plants and in China.