Royal Palm Beach, Fla.-based MalStra LLC has acquired the Verona, Italy-based thermoforming and extrusion machinery company OMV Machinery srl, which was a division of Swiss-based Wifag/Polytype Holding AG.
The new owners — packaging industry veterans Brooke Maltun and Mark Strachan — have renamed the company OMV Technologies LLC and moved its headquarters to Florida while continuing OMV's manufacturing operations in Italy.
Founded in 1963, OMV builds machinery and offers technology for processors of rigid food packaging from traditional resins, such as polypropylene, polystyrene and PET, but has also been focused on the next generation of sustainable materials.
Terms of the deal weren't disclosed.
All OMV employees will be retained. Strachan will serve as the CEO and Maltun will be president of OMV Technologies.
Strachan has almost 40 years of experience in sheet extrusion, roll fed thermoforming and extrusion inline thermoforming. He is a former two-term chairman of the board of the Society of Plastics Engineers' thermoforming division.
Maltun is currently the vice president of sales for Los Angeles-based Star Plastic Design Inc.
"Mark and I have spent our careers in plastic packaging, and we share a passion for the business," Maltun said in a news release. "We look forward to introducing ground-breaking innovations, hands on in-field service, and outstanding customer service to the industry, globally."