Gerresheimer: Difference between revisions
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Until 2000, the company was 51% owned by Viag AG. Gerresheimer was acquired that year by Invescorp and the private equity unit of Chase Manhattan Bank, which worked with management to shift the company away from commoditized products such as beverage bottles to more specialized packaging.<ref>David Carey and John E. Morris, [http://king-of-capital.com/ ''King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone'' (Crown 2010)], pp. 308-11.</ref> 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.<ref>''Ibid.'', p, 310.</ref> |
Until 2000, the company was 51% owned by Viag AG. Gerresheimer was acquired that year by Invescorp and the private equity unit of Chase Manhattan Bank, which worked with management to shift the company away from commoditized products such as beverage bottles to more specialized packaging.<ref>David Carey and John E. Morris, [http://king-of-capital.com/ ''King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone'' (Crown 2010)], pp. 308-11.</ref> 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.<ref>''Ibid.'', p, 310.</ref> |
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With its world-wide locations in Europe, North America, South America and Asia and about 40 production operations <ref>Gerresheimer press release November 25, 2010</ref> Gerresheimer is a global company. |
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The group consists of four divisions, Tubular Glass, Moulded Glass,Plastic Systems and Life Science Research. |
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==References== |
==References== |
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Revision as of 11:43, 13 January 2011
| File:Gerresheimer.svg | |
| Company type | Aktiengesellschaft (FWB: GXI) |
|---|---|
| Industry | Manufacturing |
| Founded | 1864 |
| Founder | 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 | €1.000 billion (2009)[1] |
| €60.4 million (2009)[1] | |
| €5.8 million (2009)[1] | |
Number of employees | 9,340 (end 2009)[1] |
| Website | www.gerresheimer.com |
Gerresheimer is a German packaging company headquartered in Düsseldorf, Germany.[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 Invescorp and the private equity unit of Chase Manhattan Bank, 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]
With its world-wide locations in Europe, North America, South America and Asia and about 40 production operations [6] Gerresheimer is a global company.
The group consists of four divisions, Tubular Glass, Moulded Glass,Plastic Systems and Life Science Research.
References
- ^ a b c d "Annual Report 2009" (PDF). Gerresheimer. Retrieved 4 June 2010.
- ^ "The Worlds of Glass and Plastic". Retrieved 2009-01-24.
- ^ Gerresheimer Annual Report 2009,pp. 50ff.
- ^ 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.
- ^ Ibid., p, 310.
- ^ Gerresheimer press release November 25, 2010
External links
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