IWKA to sell packaging division

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The IWKA Group based in Germany and one of the world’s largest andbest-known manufacturers of packaging machines, has decided to sell itspackaging division. In November 2006, the company’s Board had announcedthat it would conduct an analysis to consider sharpening the company’sfocus on Automotive Plant and Systems Technology and Robotics and weighoptions for selling the Packaging division. They have now decided that,subject to the approval of the relevant trust authorities, thisdivision will be sold to funds of the Berlin-based investment company Odewald & Compagnie. ...cont´d

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