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New alliance infuses capital and technology into golden packaging systems supplier
7/16/2007 8:00:00 AM
Golden, CO – Omnitech International, Inc. (OII), a privately held Colorado
company, announced today that it has taken a major step forward in its
transition from its historical role as a can line systems integrator to a
technological leader and international supplier of innovative, flexible, and
scalable drawn and ironed metal packaging systems. Building on its mission to
“Expand the market for D&I technology by making it more flexible and capable of
producing new containers which maintain the positive attributes and advantages
of the D&I process and the packages it produces,” OII has increased its
capitalization substantially through issuance new shares totaling 20% minority
ownership in the company to two new shareowners, Scott Coors and Elmer Werth,
complementing the incumbent ownership team of Chris Olson and Harold Cook. As an
important part of the transaction, Coors and Werth have granted OII an exclusive
worldwide license for development and use of an innovative new technology
developed by their company, Werth Advanced Packaging Innovations, LTD.
“We are very excited to be taking this next critical step for Omnitech with Scott and
Elmer,” said Chris Olson, President and CEO. “With the increase to our
capitalization, their leadership talent, and exclusive access to their process
technology which we expect to further improve the efficiency of our existing
MicroFlex™ designs, Harold and I believe the company is perfectly positioned to
stake its claim as the preeminent supplier of flexible D&I systems to a global
packaging marketplace.”
In addition to their investment of capital and
technology, Coors and Werth assume roles as officers of the company. Coors, with
a depth of leadership experience in manufacturing operations, project
management, quality, marketing, and financial planning, joins the company as its
Senior Executive Vice President and Chief Financial Officer. In this role he
assumes leadership of Finance, Accounting, Information Technology, Procurement,
and Human Resources, reporting to Olson. Werth, with more than forty five years
of tenure with Coors Brewing Company, joins the company in the role of Executive
Vice President of Research and Development, complimenting Cook in his role as
Executive Vice President of Engineering and Technology. Werth’s key strength is
in his vision for the future of technology, and his unstoppable passion for
challenging the status quo in developing innovative solutions to difficult
engineering challenges.
Omnitech International, Inc. focuses on the innovation,
development and installation of highly flexible, scalable, two piece drawn and
ironed packaging systems technologies. Founded in 1976 as Container Technology
Corp., the company has operated under the leadership of owners Olson and Cook
since 1993.
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