Gerresheimer acquisition expands its pharmaceutical plastic operations

Published: 3-Jan-2008
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German company Gerresheimer is continuing its strategy of globalisation and extension of product offerings in the pharma and life science sector.


German company Gerresheimer is continuing its strategy of globalisation and extension of product offerings in the pharma and life science sector.

With the acquisition of the Spanish company EDP, Gerresheimer has gained a leading manufacturer of pharmaceutical plastic packaging, which brings to the Group three plants in Southern Europe and South America. EDP with production plants in Spain (Zaragoza and Valencia) and Argentina (Buenos Aires) concentrates on PET containers for the pharmaceutical industry. The company's annual sales amount to Euro 32m.

EDP's products complement Gerresheimer's existing product portfolio, and will by no means be limited to local markets. Pharma packaging based on PET, as produced by EDP in Spain and Argentina, represents a real range expansion, which Gerresheimer can complement with drug delivery systems to provide a system approach.

At the same time, the Spanish and South American markets of the new subsidiary are opened up for innovative packaging and system technologies from existing Gerresheimer plants.

Gerresheimer's pharmaceutical plastics business ranks among the market leaders, so far mainly in Europe.

"Regional expansion opens up important new growth markets for our Plastic Systems Division," said Gerresheimer ceo Dr Axel Herberg. "The transaction is expected to be completed at the end of January 2008.

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