Insight

 

OCMI OTG S.p.A. & KYP ACCESORIOS SA join forces

Milan, 11th of November 2019

OCMI OTG S.p.A. announces today the successful completion of the acquisition of KYP Accesorios a Spanish company active in the field of automatic production lines for ampoules.

This acquisition marks a significant milestone in both companies' growth strategy. By joining forces both OCMI OTG and KYP wish to deliver to their customers a wider range of products, a better service and a constant investment in R&D.

"This acquisition expands OCMI OTG's portfolio of successful businesses and mark another OCMI investment in the pharma packaging field. KYP is an excellent company with a remarkable story of innovation and dedication to the customers" - Michele Gusti Chairman of OCMI OTG S.p.A, affirmed - "Through this operation OCMI OTG reinforce and consolidate its market share in the ampoule making machines sector, widen its current range of products and increase its production capacity adding a great team strengthens its manufacturing footprint adding more technological capabilities".

"We are proud to become a part of this international and customer-oriented group like OCMI OTG"

Mr. Raul Paz, KYP Accesorios's owner commented: "With this deal KYP add another step on its path to continuous growth and innovation and broadens its future horizons. It is a project I strongly believe in, and I am honored to join OCMI Global management Team"