Gerresheimer

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Gerresheimer AG
Aktiengesellschaft
Traded asFWBGXI
IndustryManufacturing
Founded1864
Founderde:Ferdinand Heye
HeadquartersDüsseldorf, Germany
Key people
Revenue€1,375,5 million (2016)[2]
Number of employees
9,792 (May 2017)[2]
Websitewww.gerresheimer.com

Gerresheimer AG (formerly Gerresheimer Glass AG) is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics with headquarters in Düsseldorf for the pharmaceutical and cosmetics industries. The company has production operations in Europe, the Americas and Asia.

History[edit]

Gerresheimer Glas AG was established in 1864 by Ferdinand Heye (1838-1889). He managed the company until 1888, when it was converted into a stock corporation. The company's name was changed from "Ferd. Heye, Glas-Fabrik, Gerresheim bei Düsseldorf" into "Actien Gesellschaft der Gerresheimer Glashüttenwerke, vorm. Ferd. Heye, Gerresheim bei Düsseldorf". When Heye died in 1889, his son Hermann joined the company's management board aged 23 and was appointed as Board Chairman in 1891. In 1907, Hermann Heye founded "Europäischen Verband der Flaschenfabriken GmbH". The company purchased the patent rights to the Owens machine, the first fully automated bottling machine, for Europe. It was put into operation at Gerresheimer in 1908. Hermann remained at the helm of the company until his death in 1941. From then on, his son-in-law Niels von Bülow headed the company's management board as its oldest member.

Gerresheimer AG Headqaurters at Airport City, Duesseldorf

In 1959 the US company Owens-Illinois of Toledo (Ohio) acquired a 50.1% stake in Gerresheimer, followed by a majority shareholding in 1971. One year later, in 1972, the company name was changed to "Gerresheimer Glas AG". From November 1985 onwards, Gerresheimer Glas AG became an independent company again. The new majority shareholder was the Westdeutsche Landesbank (WestLB), which acquired around 58% of the shares in Gerresheimer Glas AG from Owens Illinois. VIAG acquired a majority shareholding in WestLB in 1990. In April 2000, when it merged with VEBA, VIAG sold its majority shareholding in Gerresheimer Glass AG to a consortium led by private equity investor Investcorp in order to fund the foundation of E.ON. This meant Gerresheimer Glas being de-listed from the stock exchange in 2003. The US investment group Blackstone bought the company at the end of 2004.

From the 1990s onwards, Gerresheimer underwent a gradual strategic reorientation. Gerresheimer had been one of the biggest European manufacturers of beer and water bottles. However, this division was spun off and the company shifted its focus to special packaging for the pharmaceutical, life sciences and cosmetics industries.

Gerresheimer Glas AG sold the Gerresheim glassworks and five other production plants to the French company BSN glasspack, a subsidiary of the French Danone Group, in 1999. Owens Illinois acquired BSN glasspack and thereby also the glassworks in Gerresheim in December 2004. In August 2005 the US company Owens Illinois (O-I) closed the Gerresheimer glassworks, formerly the world's largest bottle manufacturing facility.[3] In the year 2012 Patrizia Immobilien acquired the site of the former glassworks.The Düsseldorf municipal authority and Patrizia Immobilien are implementing housing development projects in Düsseldorf's former glassmaking district.[4]

The company was taken public (again) in June 2007 after its name had been shortened to Gerresheimer AG. It has been included in the German MDAX stock exchange index since December 2008.[5] The company's headquarters are still in Düsseldorf.

In 2007 Gerresheimer AG bought the Wilden Group,[6] which today trades under the name of Gerresheimer Regensburg GmbH and is part of the Medical Systems business unit in the Plastic & Devices division. In 2011 Gerresheimer acquired Brazilian company Tampas Herméticas Védat, which is now known as Gerresheimer Plásticos São Paulo Ltda.[7] In April 2012 Gerresheimer acquired a majority shareholding in the Indian company Neutral Glass & Allied Industries Pvt. Ltd.,[8] followed by Triveni Polymers Ltd. Pvt., a plastic packaging manufacturer for the regulated Indian market, in December of the same year.[8] With five production facilities in South America, four in China and two in India, Gerresheimer is now represented in the fast-growing emerging markets. Uwe Röhrhoff has been CEO of Gerresheimer AG,[9][10] until 2017. In September 2015 Gerresheimer acquired Centor.[11]

In November 2015 Gerresheimer sold its tubing operations to the US company Corning Inc. Gerresheimer and Corning have also set up a joint venture to accelerate innovations for the phramaceutical glass packaging market.

Gerresheimer sold Kimble Chase, a joint venture with Chase Scientific Glass, Inc. based in Rockwood, Tennessee/USA, to the Duran Group, a portfolio company of One Equity Partners on November 1, 2016.

In July 2018 Gerresheimer bought the Swiss medical technology company Sensile Medical, a manufacturer of micropumps.[12]

Company[edit]

Gerresheimer produces specialty glass and plastic products for manufacturers in the international pharmaceutical, healthcare, cosmetics, and food industries. Its range includes pharmaceutical vials, drug administration systems, syringe systems, insulin pens, inhalers, perfume bottles, pots for cream, and spirits bottles. In 2016, the group of companies generated revenue of around EUR 1.4 billion at its sites in Europe, the Americas, and Asia and had some 10,000 employees. The full-service provider supplies its target group, the pharmaceutical and healthcare industries, with glass and plastic primary packaging solutions and drug administration products. Gerresheimer also produces cosmetics packaging and glass containers for special segments of the food and drink sector. The company’s revenue rose by 7.2 percent to EUR 1,375.5 million in the fiscal year 2016 (December 1, 2015 to November 30, 2016), with growth once again boosted by the plastic segment in particular.

Locations[edit]

Gerresheimer is a company with several operations around the world. It operates production plants in America, Asia and Europe.

Key figures[edit]

Year Revenues EUR m Adjusted EBITDA Net income EUR m Employees
2008 1.060,1 206,4 4,5 10.177
2009 1.000,2 185,9 7,0 9.343
2010 1.024,8 204,5 46,7 9.475
2011 1.094,7 217,3 54,4 10.212
2012 1.219,1 239,9 68,3 10.952
2013 1.265,9 249,8 68,5 11.239
2014 1.290,0 253,4 72,9 11.096
2015 1.282,9 262,6 112,7 10.684
2016 1.375,5 307,8 168,2 9.904

Management Board[edit]

Name Function Division Since
Dietmar Siemssen Member of the Management Board Chief Executive Officer 2018
Rainer Beaujean Member of the Management Board Chief Financial Officer 2012
Andreas Schütte Member of the Management Board Plastics & Devices 2009
Lukas Burkhardt Member of the Management Board Primary Packaging Glass 2018

Literature[edit]

  • Bruno Kammann: Gerresheimer Glas, Geschichte einer Weltfirma (1864–2000), Ein Beitrag zur Wirtschafts-, Sozial- und Stadtgeschichte Düsseldorfs, Klartext Verlag, Essen 2007 ISBN 978-3-89861-782-6.
  • Peter Henkel: Industriepfad Düsseldorf. Düsseldorf 2009, ISBN 978-3-7700-1318-0.
  • Peter Henkel: 150 Jahre Glashütte Gerresheim. Droste, Düsseldorf 2014, ISBN 978-3-7700-1533-7.

External links[edit]

References[edit]

  1. ^ Dietmar Siemssen appointed new CEO of Gerresheimer AG
  2. ^ a b "Annual Report 2015" (PDF). Gerresheimer. Retrieved 11 February 2016.
  3. ^ Glashütte Gerresheim: Totgesagte leben länger auf vdi-nachrichten.com.
  4. ^ Ehemalige Glashütte - 1400 Wohnungen on rp-online.de.
  5. ^ Gerresheimer AG (4 December 2008). "Gerresheimer steigt in den MDAX auf". Archived from the original on 12 March 2014. Retrieved 10 April 2010.
  6. ^ Gerresheimer kauft Wilden Gruppe on neue-verpackung.de.
  7. ^ Gerresheimer acquires Brazilian pharmaceutical plastic packaging company Védat Archived 2014-08-15 at the Wayback Machine. on gerresheimer.com.
  8. ^ a b Gerresheimer erwirbt den indischen Hersteller von pharmazeutischen Kunststoffverpackungen Triveni Archived 2014-03-12 at the Wayback Machine. on gerresheimer.com.
  9. ^ "Uwe Röhrhoff". Bloomberg L.P. Retrieved 2012-03-28.
  10. ^ "Gerresheimer: Uwe Röhrhoff ist neuer Vorstandsvorsitzender". New Media Publisher GmbH. 2010-06-23. Retrieved 2012-03-28.
  11. ^ Gerresheimer reports good third quarter – Centor acquisition completed on gerresheimer.com.
  12. ^ Gerresheimer. "Gerresheimer extends business model and increases growth forecast". Retrieved 2018-11-02.