Michael Elent, Felix Elent and Valeri Bialler, the former owners of Nuspark Inc., will remain President and Vice Presidents of Nuspark Inc. respectively.
Rychiger NA, the existing US subsidiary of Rychiger AG in Cary, IL will continue its sales and customer service activities in North America.
The two companies agreed not to disclose further details of the transaction.
Rychiger AG was founded 1918 and is a leading supplier of customized and custom-made primary packaging machines in the food&beverage-, healthcare- and petfood market. The company operates out of Steffisburg in Switzerland where it employs more than 200 staff. It has manufacturing subsidiaries in Switzerland and Poland and is active on a global scale.
Nuspark Inc. was founded 1999 is a leading supplier for secondary packaging machines primarily in the food market. The company operates out of Toronto and counts roughly 60 employees. The company focuses mainly on the Canadian and US market.