Canadian Plastics: Thermoforming machinery manufacturer OMV bought by MalStra LLC
by Canadian Plastics
The new company, called OMV Technologies LLC, will be based in Florida, with an office in Los Angeles.
Verona, Italy-based thermoforming and extrusion machinery company OMV Machinery S.R.L., a division of Swiss-based Wifag/Polytype Holding AG, has been purchased by Florida-based MalStra LLC.
The financial terms of the transaction have not been disclosed.
In a Nov. 30 news release, OMV officials said the new company name will be OMV Technologies LLC, and it will be headquartered in Royal Palm Beach, Fla. OMV’s manufacturing operations will continue to operate out of Verona, and all current personnel will be retained.
Plastics packaging industry veterans Mark Strachan and Brooke Maltun are the owners of MalStra and will lead the new OMV. Strachan, who will serve as the CEO of OMV Technologies, has almost 40 years of experience in sheet extrusion, roll fed thermoforming and extrusion inline thermoforming, and is a former two-term chairman of the board of the SPE Thermoforming Division. Maltun is currently the vice president of sales for Los Angeles-based Star Plastic Design Inc. She will serve as president of OMV Technologies.