The operating companies of OYSTAR Group – Benhil, Erca, Gasti, Hamba and Hassia – will be transferred into the newly founded holding company IMA Dairy and Food GmbH. Under the umbrella of IMA Group, they will continue to act independently and continue their growth. There are no material consequences for the group’s customers, employees and production locations following from the change in ownership.
IMA Group will hold 80% of the shares in IMA Dairy and Food GmbH, while ODEWALD will continue to support the companies with a minority participation of 20%. For the 20% of the shares remaining with ODEWALD, put and call options have been agreed upon, planned to be exercised in the years 2017 and 2018. With more than 850 employees, the companies now acquired by IMA expect consolidated revenues of Euro 185 million and an EBITDA of Euro 15 million in fiscal year 2015.
Markus Ehl, CEO of OYSTAR Group, said: “Our strategy has been and will be to focus and build on our strengths. ODEWALD’s support over the past years in growing our business has been outstanding. We are looking forward to continue our successful growth path under the umbrella of IMA Group.”
IMA Group is world leader in the design and manufacture of automatic machines for the processing and packaging of pharmaceuticals, cosmetics, tea, coffee and food.