Gerresheimer takes over Bormioli Pharma: Strengthening the market position!

Gerresheimer takes over Bormioli Pharma: Strengthening the market position!

gerresheimer, an important provider of systems and solutions for the pharmaceutical and biotech industry, announced the successful completion of the acquisition of Blitz Luxco Sarl, the holding company of the Bormioli Pharma Group. This was done after the fulfillment of usual market enforcement conditions in order to strengthen the European presence and product portfolio. With a purchase price of around 800 million euros, the takeover is considered strategically valuable for the development of integrated systems and solutions. Dietmar Siemssen, CEO of Gerresheimer, expressed itself optimistically: "With this step we put an exclamation mark behind our growth ambitions", such as PackagingWorldinsights.com

strengthening the market position and product range

Bormioli Pharma, which achieved sales of around 371 million euros in 2023 and an adj. Ebitda margin of 22 %, brings a complementary portfolio of pharmaceutical primary packaging made of glass and plastic as well as dosing systems. The integration of these two companies is expected to generate synergies of up to 5 % of the sales volume in the first year. The new unit for Moulded Glass is intended to offer a diversified product range that is important for the pharmaceutical, cosmetics and food industry, as well as ots.at

The takeover will be retroacted as of December 1, 2024 and Bormioli Pharma is completely integrated into the Gerresheim group. A new forecast that focuses on the future business developments of the combined companies will be published on February 26, 2025.
This acquisition confirms Gerresheimer's ambitions to become a leading provider of integrated solutions in the pharmaceutical and biotech industry and to increase competitiveness on the market. The controlling of the new unit will grow and it is expected that the takeover of both the EBITDA margin and the profit per share will have a positive effect from the start.