Gerresheimer

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Gerresheimer AG
Type Aktiengesellschaft
Traded as FWBGXI
Industry Manufacturing
Founded 1864
Founder(s) Ferdinand Heye
Headquarters Düsseldorf
Key people Uwe Roehrhoff (CEO and chairman of the executive board), Gerhard Schulze (Chairman of the supervisory board)
Products Laboratory glassware; glass and plastic packaging and containers for medical, life science, pharmaceutical and cosmetics purposes
Revenue €1,219.1 million (2012)[1]
Operating income €128.4 million (2012)[1]
Profit €66.5 million (2012)[1]
Total assets €1,557.7 million (2012)[1]
Total equity €580.1 million (2012)[1]
Employees 10,952 (2012)[1]
Website www.gerresheimer.com

Gerresheimer is a German packaging company headquartered in Düsseldorf.[2] It is a leading manufacturer of speciality products made of glass and plastic for the pharmaceutical and life science industry. The portfolio of products ranges from pharmaceutical vials to complex drug delivery systems such as syringe systems, insulin pens and inhalers for safe medication dosage and application.[3]

Until 2000, the company was 51% owned by Viag AG. Gerresheimer was acquired that year by Investcorp and Chase Capital Partners, which worked with management to shift the company away from commoditized products such as beverage bottles to more specialized packaging.[4] In 2004, Blackstone Group bought the company and continued the shift in product mix. After a series of acquisitions expanded the business, Blackstone took the company public in Frankfurt in 2007. It was the largest IPO to that point that year.[5] In April 2008 Blackstone sold his remaining Gerresheimer stake[6]which increased the free float to 100% and the trading volume of the Gerresheimer shares. Therefore Gerresheimer became a candidate for the German stock exchange index MDAX and was included in it on December 22, 2008.[7]

With its world-wide locations in Europe, North America, South America and Asia and about 40 production operations [8] Gerresheimer is a global company.

The group consists of four divisions, Tubular Glass, Moulded Glass, Plastic Systems and Life Science Research.

References[edit]

  1. ^ a b c d e f "Annual Report 2012". Gerresheimer. Retrieved 20 January 2012. 
  2. ^ "The Worlds of Glass and Plastic". Retrieved 2009-01-24. 
  3. ^ Gerresheimer Annual Report 2009,pp. 50ff.
  4. ^ David Carey and John E. Morris, King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone (Crown 2010), pp. 308-11.
  5. ^ Ibid., p, 310.
  6. ^ Gerresheimer press release April 16, 2008; Financial Times Deutschland, April 17, 2008
  7. ^ Gerresheimer press release December 4, 2008
  8. ^ Gerresheimer press release November 25, 2010

External links[edit]